$Micron Technology(MU)$ Up about 4% today after BofA reiterated their Buy rating.
Short-dated call buyers are jumping in, but it feels more like a tactical play than a full trend shift. I'm seeing aggressive call sweeps in the 960 to 990 and 1200 to 1220 strikes, with a notable 2,300x Oct 28 $970C vs 338 OI on InsiderFinance.
Momentum is strong, but those downside hedges are worth watching. Half of the $192M in options premium recently has gone into puts, mainly around the $850 to $900 strikes, so big players are still hedging.
For anyone looking at longs, spreads or defined-risk setups seem like the more reasonable route.
That Taoyuan union issue could keep things interesting.
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.
- EC031·08:46Thank you for sharing your insights. The information is useful and I hope you can continue to post on the tiger platform!LikeReport
- beachboyyyyy·10-27 16:26gogogogogogoogooogogoLikeReport