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$Micron Technology(MU)$ is set to announce its latest earnings on June 24 2026. Trading at a historic USD 1174.94, options markets are pricing in a massive 15%+ post earnings implied move, driving IV to an inflated 115%.
The Strategy: Buy a Bull Calendar Spread at the USD 1200 strike price.
The Execution: Sell to Open the June 26 USD 1200 Call while simultaneously Buying to Open the July 17 USD 1200 Call.
Why It Wins: This options strategy turns the impending post earnings IV crush into an asset.
The front month option you sell will deflate on Thursday morning, cushioning your entry cost.
Meanwhile your long July leg stays fully active to capture the multi year upside of Wall Street's USD 1500 target upgrades.
@Tiger_comments @Tiger_SG @TigerStars
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