MU Micron Technology Options Ahead Of Earnings Long

Micron Technology, Inc.NASDAQ

Description

⋅ Sep 25, 2022 11:17 AM

Looking at the MU Micron Technology options chain, i would buy the $50 strike price Calls with
2022-10-21 expiration date for about
$2.81 premium.

Looking forward to read your opinion about it.

Trade closed: target reached

⋅ Sep 29, 2022 9:58 AM

The calls are in the money now, the $50 strike price is trading at $3.40. could go even higher from here!

Trade closed: target reached

⋅ Oct 9, 2022 9:51 AM

MU calls at $4 now. from $2.81.

Comments

CBIchiban

⋅ Sep 26, 2022 5:15 PM

In spite of the not-so-good news coming tomorrow, there may be a small technical relief to up the markets. MU might benefit. Playing along, thanks @CryptoFundManager!

TopgOptions

⋅ Sep 29, 2022 9:58 AM

@CBIchiban, calls are in the money now.

CBIchiban

⋅ Sep 29, 2022 2:38 PM

@CryptoFundManager, Thanks. Quite red is the day, today; waiting for earnings, will sell tomorrow.

TopgOptions

⋅ Sep 29, 2022 2:47 PM

@CBIchiban, the idea is to close the trade before the earnings, as long as the premium is higher and you can make a profit regardless of the results. or at least to sell some of the calls.

simbha

⋅ Sep 26, 2022 5:57 PM

This stock is over played by manipulators in both directions. During recession times, it will trade around 10 times the Forward PE. Assuming 4$ PE for 2023(50% cut due to recession, and DRAM price dips), this can drop to 38~40$ ie 38.2% level .

TopgOptions

⋅ Sep 29, 2022 9:59 AM

@simbha, the calls are profitable if you close the trade now.