If you haven`t bought MU before the breakout:
Now analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $6.50.
If these options prove to be profitable prior to the earnings...
... for a 92.53 debit.
Comments: Post-earnings, IV remains somewhat decent here at 45.2%. Selling the -80 delta call against long stock to emulate the metrics of a 20 delta short put, but with built-in short call defense.
Metrics:
Buying Power Effect/Break Even: 92.53/share
Max Profit: 2.47
ROC at Max: 2.67%
50% Max: 1.24
ROC at 50% Max: 1.33%
Will...
Since MU broke through its reversal point at $91.47, the stock has entered bullish territory, and has now reached our technical target at $111, which was set in our last public analysis on September 18, when the price was around $88 (link below this post).
Now that the technical has materialized exactly as expected, according to the evidence we had at the time,...
Micron Technology (NASDAQ: NASDAQ:MU ) has made waves in the market following its fiscal fourth-quarter earnings, signaling a powerful comeback driven by robust demand in the AI sector. As a major supplier of memory chips, especially for Nvidia, Micron's performance not only beat Wall Street expectations but also positioned the company to achieve record-breaking...
Micron Technology Inc. (NASDAQ: NASDAQ:MU ) is set to release its fiscal fourth-quarter earnings report after market close today, Wednesday, September 25, 2024. Investors are eagerly anticipating this report, as it could provide crucial insights into the state of the memory chip industry and the broader tech sector.
Key Takeaways:
- Analysts expect Micron...
MU has been basing in the $80-90 range all month. This coincides with support from early in the year. Above $91.05 which puts it above the 300 day SMA. If fit holds this level, I believe this can make a strong move back above $100. 1st target is $98, a hold there and the 2nd target is $109.
NVDA just had a bearish crossover of the 20 & 50 MA (Daily chart)
Last time we saw this bearish moving average formation was in early August.
NVDA proceeded to fall sharply in the coming days.
All eyes on the market leader. All eyes on the QQQ.
Will the Q’s be the demise of SPY?
If Nvidia sees anymore weakness you can be sure it will have other semis...
The purpose is to analyze DEATH CROSS impact on MU day chart. It is remarkable that this time a death cross print is almost simultaneously by both 50&200 EMA and 50&200 SMA with a lag of just one day. As a rule, I look for a death cross whichever moving average pair print it earlier, as the other pair would be typically too late to the show (it can be 'either or'...
Intel Corporation's recent earnings report has raised some concerns, but there are several reasons to remain optimistic about INTC stock.
Despite a challenging Q2, Intel is strategically shifting production to its high-volume plant in Ireland, positioning itself for long-term gains.
The company's focus on cutting-edge chip manufacturing and AI advancements...
AVGO building out a triangle - mostly likely will break out of this range on week of 7/22 - let's put this on watch!
Long term - this stock is far from done
NVDA's chart needs to rebuild even if still more bullish legs to come - Most likely pulling back to 122 - we will reassess if a long trade is prudent depending if and how we get to 122 area
Daily Chart:
On the daily chart, MU is trading within an ascending channel, a bullish indicator suggesting an uptrend continuation. The recent price action has tested the lower boundary of this channel, around 133.30, a critical support level that was a previous resistance, as evidenced by the red arrows – another example of the Principle of Polarity. The price...
MU obliterated on eanrings...so far (pre call)
IWM weak on the session.
Markers saved on TSLA / AAPL / MSFT strength.
Dollar and Long end yields breakout.
Inversion of the yield curve about to narrow?
If you haven`t bought the dip on MU:
nor calls ahead of the previous earnings:
Now analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2024-6-28,
for a premium of approximately $9.55.
If these options prove to be...
Cup and handle on the daily.
CALLS CAN WORK OVER 130.
TRADE IDEA: 5/24 133C
*SEMICONDUCTOR STOCKS CAN MOVE HIGHER WITH NVDA TOMORROW.
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