u/Famoso_1962

MU earnings and June 26 1500 call

I hold 1 MU June 26 1500 call bought at $7.35.

MU is trading around 1230 before earnings.

I see strong call activity at 1200, 1300 and 1500 strikes.

Is this institutional positioning or just speculation before earnings?

Would you hold this position through earnings?

reddit.com
u/Famoso_1962 — 14 days ago

MU earnings and June 26 1500 call

I own 1 MU June 26 1500 call. Cost was $7.35 and current price is around $10.60.

MU is trading around 1230 before earnings.

I see strong call volume at 1200, 1300 and 1500 strikes, but IV is high.

My concern is IV crush after earnings.

Would you hold through earnings or take profits before the report?

reddit.com
u/Famoso_1962 — 14 days ago