MU Bull Long

Micron Technology, Inc.NASDAQ

Description

⋅ Sep 7, 2021 6:37 AM

Thesis: Touched bottom of channel and working back towards top line. Could be that big players drove this down and got in cheaper before earnings. Semis look good.

Trigger: >$74.75 w/ high rel vol

Trade Vehicles:
Degen: 9/17 77.5C @$0.37
Conservative: 10/18 80C $1.28

Order cancelled

⋅ Sep 9, 2021 7:12 AM

It didn't go over the trigger level so no trade long. Could have shorted it today as it lost yesterday's lows. Could fall to $70

Chart Patterns