Keep an Eye on This Chip Stock Next Week

Group 1 - Micron Technology Inc is set to report its fiscal second-quarter earnings on July 25, with options traders showing bullish sentiment ahead of the event [1] - Historically, Micron has experienced volatile post-earnings movements, with five out of the last eight reports resulting in lower stock prices the following day, including significant drops of 8% in March and 16.2% in December [2] - The average post-earnings swing for Micron has been 9.7%, while the options market is currently pricing in a larger move of 12.3% for the upcoming earnings report [2] Group 2 - Micron's stock has increased by 42% in 2025 and is approaching its highest closing price in nearly a year, with a notable recovery since the lows around $60 on April 7 [3] - The 20-day moving average has effectively contained significant pullbacks in the stock price [3] - There is a growing popularity of short-term puts, as indicated by Micron's Schaeffer's put/call open interest ratio (SOIR) of 0.84, which is in the 92nd percentile of readings from the past month [5]