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Ahead of Micron Technology’s fiscal fourth-quarter earnings after Sept. 30, options expiring shortly thereafter imply about a 10.3% move in either direction, signaling elevated volatility expectations.
Micron Technology is expected to report fiscal fourth-quarter adjusted earnings of $31.16 a share and revenue of $50.4 billion. The company previously guided for revenue of $50 billion plus or minus $1 billion and adjusted earnings of $31.00 a share plus or minus $1.00.
Cerebras and Micron are reporting earnings this week, with traders expecting significant moves in their stocks