zubee
10-27 02:38

$Micron Technology(MU)$ Up about 4% today after BofA reiterated their Buy rating.

Short-dated call buyers are jumping in, but it feels more like a tactical play than a full trend shift. I'm seeing aggressive call sweeps in the 960 to 990 and 1200 to 1220 strikes, with a notable 2,300x Oct 28 $970C vs 338 OI on InsiderFinance.

Momentum is strong, but those downside hedges are worth watching. Half of the $192M in options premium recently has gone into puts, mainly around the $850 to $900 strikes, so big players are still hedging.

For anyone looking at longs, spreads or defined-risk setups seem like the more reasonable route.

That Taoyuan union issue could keep things interesting.

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Comments

  • EC031
    10-28 08:46
    EC031
    Thank you for sharing your insights. The information is useful and I hope you can continue to post on the tiger platform!
  • beachboyyyyy
    10-27 16:26
    beachboyyyyy
    gogogogogogoogooogogo
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