Micron (MU) ATM calls active after adopted a "poison pill"

Micron Technology (NASDAQ: MU) July weekly 13.5 and 14 calls are active on 63K contracts (7K puts) after the chip company late-Friday adopted a "poison pill", or declared a dividend of one right agreement for every share held to avoid an "ownership change". July weekly 14 and 14.5 calls are active. July weekly call option implied volatility is at 47, August is at 42, September is at 40; compared to its 52-week range of 38 to 84.

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