$MU Iron Fly β Cost $115, Max Earn $385 in 7 Days
$MU Options Iron Fly: Credit $3.85, Max Profit $385 on 2026-04-17 π
Contracts π―
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Sell to Open: 1x $MU 2026-04-17 $420 Call @ $17.80 (Bid)
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Sell to Open: 1x $MU 2026-04-17 $420 Put @ $15.65 (Bid)
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Buy to Open: 1x $MU 2026-04-17 $425 Call @ $15.75 (Ask)
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Buy to Open: 1x $MU 2026-04-17 $415 Put @ $13.85 (Ask)
Financials π°
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Net Credit: $3.85 ($385 per spread)
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Max Profit: $385 (achieved at $420 at expiration)
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Max Loss: $115 (wing width $5 β credit $3.85 = $1.15 β $115 per spread)
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Breakevens: $416.15 and $423.85
Thesis π§
Neutral to slightly bullish on $MU as it trades with elevated IV (IV Percentile ~72.8%). Selling short-term premium with defined risk. Targeting rapid time decay into 1-week expiration. Happy to harvest the $385 credit if $MU stays between $416.15 and $423.85. Ready to exit if breakevens break with rising IV.
β οΈ Disclaimer: This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.
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.
