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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Apple Warns on Memory Prices; MU, SanDisk Record Highs: Super Cycle Confirmed?
Memory stocks surged after Apple issued a rare warning that 'rising memory prices are inevitable,' with Micron jumping 8.70% and SanDisk soaring 11.54% to fresh all-time highs — markets read the downstream giant's admission as a powerful endorsement of the AI storage super-cycle thesis. SanDisk has now surged an extraordinary 4,600% year-to-date, while memory ETF DRAM climbed 9.66% on the day. With even Apple confirming it will pay more for memory, the supply-demand tightness narrative is firmly intact. Will you chase memory here, or watch for a peak?
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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