Micron shares jump 3.81% to $1091.80 premarket as options price 14% earnings swing

Micron Technology shares rose 3.81% to $1091.80 in Wednesday premarket trading as investors positioned for its upcoming fiscal results. Wall Street expects fiscal third-quarter EPS of $20.76 and revenue of $35.75 billion, implying a sharp year-on-year jump. Options markets are pricing an implied one-day move of about 14% in either direction, according to Benzinga Pro data.