From the overall options structure of $MU , two conclusions can be drawn

1. Options expiring on July 2 account for a very high proportion and are predominantly put options
2. Due to options market makers, the upper and lower limits of MU are constrained to 1100 and 950
After the July 2 expiration, the upper and lower limits will be lifted
3. IV rose today, but the price fell, with most people buying the dip
This implies two possibilities
a. Too many buyers, for options market makers, the upside risk is higher, so they push IV up
b. Downside risk appears, but 950 is a defense level (expiring on July 2). From the options flow, retail investors are mostly buying calls