MU Micron Technology Options Ahead of Earnings

Mar 17

If you haven`t bought the dip on MU:

Then analyzing the options chain and the chart patterns of MU Micron Technology prior to the earnings report this week,
I would consider purchasing the 95usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $9.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Mar 23

Trade closed: target reached

MU traded at $111.34 after earnings, and the Calls went up from $9.45 (when I wrote this article) to $19.95 at the close on friday (higher intraday), for about 2.10X gain!