On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said Micron traded at 2.8x average daily call volume on Monday.

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There were buyers of 20,200 of the April 14 weekly 67-calls at an average price of $0.27 per contract, Khouw mentioned.

The trader expects Micron shares to rally into Friday’s close.

Micron recently reported worse-than-expected earnings and sales results for its second quarter.

Price Action: Micron shares gained 8% to close at $63.27 on Monday and added 0.4% in Tuesday's pre-market trading session.

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