I would do the trade again, but with 2 contracts instead of 5
This is Michael.
I'll be taking a loss on these $Micron Technology(MU)$ calls I held through earnings tomorrow. I'm taking accountability for it and responsibility for it. And you should too.
We made so much money on the ride up that it was okay to risk some calls into earnings. It was all based on the guidance but unfortunately it came it light and weak.
Which is strange to me because every AI chip needs MEMORY and better ones too. MEMORY is required for AI to perform well.
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This is from there EARNINGS report:
$Micron Technology(MU)$ is one of the few providers of high-bandwidth memory chips used in the most advanced AI systems, allowing it to cash in on surging demand for the semiconductors.
The company's results usually set the tone for earnings in the chip sector, as Micron acts as an indicator of demand for various types of chips and end-markets. "We are very optimistic because after Nvidia, Micron has a bigger exposure to AI growth than perhaps any other semiconductor company," Micron Chief Business Officer Sumit Sadana said in an interview.
The company said its HBM chips were "sold out" for the 2024 and 2025 calendar years. The chips are used in the AI processors designed by Wall Street darling Nvidia.
I would have taken this exact trade again maybe with only 2 contracts instead of 5.
Going forward we will not be posting any of our research and analysis before hand.
Just after the fact to brag and show off our gains (although I love to share its what I live for to see others happy).
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