Option Strategies: MU

EliteOptionsTrader
04-27

Hello everyone! Today i want to share some trading ideas with you!

$Micron Technology(MU)$ Trade Idea: May 1 520C

Trigger: 500 ✅

Targets: 520, 600 🎯

Stop: 471 🛑

MU broke out above 471 this week and ran to 506.

MU to 600 is now in play.

Let’s see if MU can continue to form a base above 471 this upcoming week.

Calls can work above 500 this week.


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Micron Surges 15%: Is the Memory Super-Cycle Back?
Micron rallied more than 15% as the memory chip sector surged broadly. Institutional research describes MU fundamentals as still in a 'strong phase.' SanDisk simultaneously soared over 16%, confirming a sector-wide re-rating rather than a single-stock catalyst, with clear signs of rotational capital inflows. The key risk: if Samsung and SK Hynix accelerate capacity expansion, NAND/DRAM cycle peaks have historically arrived without warning. How much upside remains in the HBM super-cycle, or has this week's rally already priced in the second-half outlook?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Chinny168
    04-28
    Chinny168

    Great article, would you like to share it?

  • Chinny168
    04-28
    Chinny168

    Great article, would you like to share it?

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