MU
Micron Technology, Inc.
stock NASDAQ

https://preview.redd.it/vjurpowwpklg1.jpeg?width=1320&format=pjpg&auto=webp&s=8d998d0d8b39229a1bb2a1f8af369e278a660f32
What are the chances these reach 262.5 by this Friday? If MU goes up, maybe it’ll bring WDC with it? lol

The expectations for MU are so high that if there's any bit of bad news, the thing will tank really bad. But I doubt that will happen. Expect a major rally after ER.

Idk but I’m holding 300 shares of MU, 100 of SNDK, and 145 EWY

MU Calls

Yeah, I can agree with that in terms of when there's a sector rotation going on (like now), but when I used to go through hundreds of stock charts over a weekend, there were many times when opportunities one side (bullish or bearish) far outweighed the other.
As an option seller, when I see put selling opportunities dominate at a certain point in time, I'm not going to try to balance that out with throwing in one or two call selling trades that look good. I'm more likely to just avoid call selling altogether until the environment changes. Or vice versa.
On an individual stock basis, it's rare that I'll do a short strangle or iron condor - because I usually feel one side is a lot safer. But sometimes, when a sock is in a nice, well defined channel or range, I will sell both sides. There was a period last year with AFRM that worked our really nicely for several weeks.
I'm also selling far out of the money strangles on SNDK and MU for the time being. In my view, the stocks aren't likely to either crash or burn any time soon - or resume parabolic moves higher. But the IV levels are pricing them as though they are.

I'm just selling otm MU strangles based on technicals and common sense and plan to be out of the trade completely ahead of earnings - I'm such a pussy.

MU YOLO

I sincerely don't know too many companies that get a 100 billion contract and their stock only goes up 8%.
One third of their entire market cap. Plus their very clear visibility of billions with Open AI and billions with Oracle and Microsoft, Tesla and so many more. They have created a plug and play system with Helios rack. Every smaller outfit can buy in and start off running.
That's just Data Center GPU's we are talking about. We haven't even touched the hot AI CPU's literally selling out of stock. EPYC, gaming and more...
What AI scare does AMD pose or carry? Are these behemoth companies just going to stop investing in the biggest revolutionary change in technology bc some investment firms and banks are scared. Lose their strong positions? Lose the AI race?
Exactly why the deals have been set up the way they have. It's not dead weight debt for anyone involved. It's spending. On an as needed basis. Spending is different than debt. This gives it time for ROI. Keeps supply lines in check. It's a win win in my book.
If money managers can't see this then I really don't understand the market. The market is forward looking and price to sales is 9.4 times last time I checked. P/E at forward at 74. A little high for the industry but AMD is no ordinary company. No ordinary contracts. They are not just a gaming company anymore. Yes, second fiddle to the largest company in the world. At 4.7 Trillion. No easy feat. AMD is well on their way to 1 Trillion.
They have the brightest future of any stock I can think of. MU, Palantir, VRT, SMCI, Arista, ASLM, AVGO are all up there but they have an equivalent or higher P/S and P/E ratios.

AMD & MU Saved My Ass, +200K and still holding MU

I like AMD and MU for NVDA earnings!
Pennywise: HGRAF & EZRA

I mean dude was going around selling ATM options on tickers with some wild IV.
If he didn’t wipe his account from APP I bet he did the last month by selling naked ATM calls on SNDK or MU

Thoughts on inheriting MU and its exploded since then

I'd trade it for cash then buy MU Jan-27 600

I would have closed my MU positions. MU is almost at all time high, close the position and take the profit. I would also sell ASTS and NBIS as I have no trust in them. Then add more to msft or buy an index so your portfolio won't be all tech.

Do people load up on SNDK or MU tomorrow or rather CRWV and NVDA to ride out the momentum?

$MU plz just giga pump to $450+ already

Looks like this is not at the closing bell, MU ended red.

Tough man. But you still have $15k MU calls

MU pumped on 21M volume and dumped on 5M
We going to $500 eow

Because the market is already pricing in the gains for those players? I’ve made bets on MU, NVDA and others for months, but in the current moment the market is punishing those who actually own the datacenters so there’s a huge buying opportunity IMO