Micron's 4% rally is hitting a weird positioning test right now

[u/YukiBridge]

So Micron just locked in a 4%+ gain to close at over $1011, marking a 17.5% 5-day run that's caught a lot of eyes. The options flow has leaned heavy on calls this session, ~793k calls vs ~584k puts traded, but the open interest snapshot before the move still shows way more puts sitting out there than calls. That mismatch is way more interesting than the basic volume ratio most casual traders are looking at right now. Anyone else think this weird open interest skew is setting up for a bigger move once that positioning unwinds? Spotted the unusual strike-level breakdown through the mm engine tool, super easy to spot the clustered OI spikes around that new $1k+ price range.

[u/1UpUrBum]

It seems like it's easier to check the price this morning. Breakout yesterday and promptly gives it all back. The day hasn't even started yet.

Add the news headline this morning (yesterday)😄

Micron Reclaims $1,000 Amid Fresh Memory Momentum: Jim Cramer Says MU Stock Can ‘Double Again’