Keep an Eye on This Chip Stock Next Week

Earnings season is mostly over, but next week one report will capture investor attention. Chipmaker Micron Technology Inc (NASDAQ:MU) reports fiscal second-quarter earnings after the market closes on Wednesday, July 25. Ahead of the event, options traders are betting bullishly. Micron has a history of making volatile post-earnings moves. Looking back at its past eight reports shows MU ending five of these next-day sessions lower, including a bear gap of 8% in March and 16.2% in December. The security has av ...