Trade Recap of Micron Technology Earnings
@TigerOptions:
Following $Micron Technology(MU)$ recent filing of its 10-Q report, which revealed a significant turnaround in its financial performance, including a substantial increase in net income and revenue, analysts have responded with positive sentiment. Morgan Stanley, for instance, raised its price target on MU stock from $78 per share to $98 per share, reflecting the optimistic outlook. MU Daily Chart In line with this positive sentiment, I executed a bullish trade strategy on MU earnings day. Specifically, I sold a $MU 20240426 93.0 PUT$ for MU at $5.39 during market open. 20240426 93.0 Put Chart My decision was based on a bullish stance, supported by the stock's opening above all the EM