1. P/C down at 0.33, the most lopsided call skew on the board today. Volume at the $335 and $330 strikes is running way above open interest, so this is fresh money, not stale hedges, piling in right at the money with spot at $335.78. Bulls are chasing here. Worth watching whether that holds or if it's late FOMO.
2. IV sitting 115 to 122% across the board, the richest premium on the list today. The $900 call for 7/29 pulled 27,290 volume against just 1,164 OI, somebody's making a fresh, way OTM bet with spot only at $821.20. If you're already sitting on $MU covered calls this is the kind of vol spike that makes the juice worth collecting, just don't get cute chasing the strike.
3. P/C eased to 1.24 after last week's swing between 2 and almost 5, and spot's climbed back to $529.64. Real story now is the $535 puts for 8/7 sitting on 19,109 OI, a chunky line parked just above spot like a magnet. If price can't clear it we probably keep chopping, if it does, the fade finally breaks.
Aggregated and distilled by Two Sentence Traders. Not financial advice.