I opened $MU 20240412 114.0 PUT$ ,💻 MU has been quite the memory chip darling! Its recent price surge was remarkable. Micron is shining brightly in the tech chip world thanks to a rebounding consumer electronics market that's boosting memory chip demand. The strategic cuts in CAPEX, combined with the rising tide of AI datacenter and consumer electronics needs, have Micron poised for notable growth. It's an exciting time, as after a challenging 2023, the company's fortunes are shifting, with tightening supply and stronger pricing fueling optimism. This isn't just a fleeting change; I see it as a powerful momentum shift for Micron, carrying it through 2024 and 2025 with robust potential. Personally, I'm quite bullish about where Micron is heading and feel that now is the opportune moment to leverage this positive outlook through a cash-secured put, aiming to tap into the near-term gains I believe are on the horizon. Good times ahead for MU! 🤘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.
