Micron Technology, Inc. shares are down 1.9% in the past week ahead of the memory giant’s earnings report expected out on Thursday afternoon. Some large option traders appear to have low expectations for Micron earnings.

Of the eight total large Micron option trades on Wednesday morning, only one involved calls purchased at or near the ask, trades typically seen as bullish. The remaining 12 trades were calls sold at the near the bid or puts purchases at or near the ask, trades typically seen as bearish. The four largest trades of the morning alone represent a combined more than $772,000 bearish bet just a day ahead of earnings….CLICK for complete article