MU Micron Technology Options Ahead of Earnings

23 set

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 release, I would sell at least half of them.

29 set

Trade chiuso: obiettivo raggiunto

MU traded at $110.95 on friday, after earnings, and the Calls went up from $6.50 (when I wrote this article) to $18.00 at the close of the day, for a decent 2.75X gain.