Traded Value$Micron Tech(MU.US) earnings day showdown.
Here's my plan:
Currently, the short-term option IV for Micron is way too high. If I buy both calls and puts, I'll lose money unless it surges over 10%.
If the earnings meet expectations, I estimate tomorrow's gain won't be significant, and it might even drop. In that case, I won't participate.
If the earnings exceed expectations, Micron could rise by 10% or even more in pre-market trading tomorrow. I plan to watch the market closely and be ready to press the button at any moment. If there are signs of a sharp drop, I'll decisively participate in 58-90 day put options. It might repeat the high-open, low-close pattern of $Sandisk(SNDK.US)'s earnings report.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
