“I went long into the print, I bought some calls for November and then I put on a position in perps.”
- Since the call
- −1.5%
- At the call
- $1,044
- Now
- $1,028
gmoney went long Micron into earnings through November calls and a perp, reading the guidance, the capital return plans and tight supply into 2028 as bullish.
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More MU calls
Everything on MUOct 856:18Long“The numbers are really good, but the stock isn’t reacting exactly as I would expect it to… I’m still bullish”$1,069−3.8%
“The numbers are really good, but the stock isn’t reacting exactly as I would expect it to… I’m still bullish”
Still bullish on Micron despite muted reaction to good earnings; a show-me story.
Oct 60:57Long“Overall, still have my options positions on”$1,065−3.4%
“Overall, still have my options positions on”
Update on his Micron options trade: he was stopped out of the perp position at the lows after earnings but still holds options, which he prefers for the defined risk.
Oct 14:36Long“I bought some more this morning and then I basically just hit it out. I got out of it at like 1033”$1,042−1.3%
“I bought some more this morning and then I basically just hit it out. I got out of it at like 1033”
He sold the stock/perp trade near 1033 after a weak open but kept his November calls and stays bullish on re-rating from LTA visibility.
Sep 2934:10Long“I want to buy calls into the print… I’ll probably buy some short term calls, and then maybe like bigger size and some longer term calls”$1,078−4.6%
“I want to buy calls into the print… I’ll probably buy some short term calls, and then maybe like bigger size and some longer term calls”
The host holds long-term Micron calls, plans to add short-dated calls into tomorrow's earnings, and thinks a buyback is possible but under 20% likely.
Sep 248:39Long“Micron has earnings next week. I actually was thinking of buying some calls yesterday.”$1,054−2.5%
“Micron has earnings next week. I actually was thinking of buying some calls yesterday.”
Micron could gap up on earnings with a possible buyback after the stock has done nothing for a quarter despite heavy cash generation.
Pulled from the episode automatically and priced by Indeix at the moment it was said. Not investment advice. How the calls work