Seeing early buying interest in the Micron Technology (MU) April 7 call options ahead of an earnings report due out Wednesday after the closing bell. 21 analysts cover MU, with estimates ranging from a 53-cent to 19-cent loss for the quarter and consensus for a 36-cent loss. Lehman analysts are out with cautious comments this morning, saying that a tough pricing environment persists and that the bulk of 2008 might be defined by excess. MU is up 11 cents to $6.08.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.