Keep an Eye on This Major Chip Stock Next Week

Micron stock has gapped sharply lower after its last two earnings reports

Patrick Martin

Managing Editor

Jun 17, 2025 at 3:37 PM

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, June 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 averaged a post-earnings swing of 9.7%, regardless of direction. This time around, the options market is pricing in a slightly bigger move of 12.3%.

Micron stock is 42% higher in 2025 and is eyeing its highest close in nearly a year. Since a V-bottom off April 7 lows around $60, the shares' 20-day moving average has contained any significant pullbacks.

MU Stock Chart

Short-term puts are growing in popularity. This is per MU's Schaeffer's put/call open interest ratio (SOIR) of 0.84 sits in the 92nd percentile of readings from the past month.

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