Option Strategies: MU

EliteOptionsTrader

04-27

Hello everyone! Today i want to share some trading ideas with you!

$Micron Technology(MU)$ Trade Idea: May 1 520C

Trigger: 500 ✅

Targets: 520, 600 🎯

Stop: 471 🛑

MU broke out above 471 this week and ran to 506.

MU to 600 is now in play.

Let’s see if MU can continue to form a base above 471 this upcoming week.

Calls can work above 500 this week.

😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.

🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!

Hot Merch Returns · Up to 43% Off

Micron and SanDisk Hit All-Time Highs: Can MU Reach $1,000?

Micron surged 11.06% during regular trading and extended gains to $672.75 after hours, while SanDisk jumped 11.98% on the same day, driving the memory sector to broad all-time highs. Analysts cite structural HBM supply shortages fueled by AI server demand, with a DRAM ETF rising nearly 9% and a SeekingAlpha report declaring Micron's 50% rally is merely the prologue to a structural shortage cycle. Samsung and SK Hynix's HBM expansion timelines remain the key wildcard — where is the ceiling for this memory supercycle, and is $1,000 the next target for Micron?

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.

Comments

Chinny168
04-28
Chinny168
Great article, would you like to share it?
Chinny168
04-28
Chinny168
Great article, would you like to share it?

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477

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Analysts cite structural HBM supply shortages fueled by AI server demand, with a DRAM ETF rising nearly 9% and a SeekingAlpha report declaring Micron's 50% rally is merely the prologue to a structural shortage cycle. Samsung and SK Hynix's HBM expansion timelines remain the key wildcard — where is the ceiling for this memory supercycle, and is $1,000 the next target for Micron?","image":"https://community-static.tradeup.com/news/8b23c042121584ccc8efc0861468a03f"}],"images":[{"img":"https://community-static.tradeup.com/news/d3eac1543a0d3a3a328049575018213e","width":"1162","height":"573"},{"img":"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18","width":"1080","height":"1350"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/d3eac1543a0d3a3a328049575018213e","width":"1162","height":"573"}],"title":"Option Strategies: MU","html":"<html><head></head><body>Hello everyone! Today i want to share some trading ideas with you!\n\n<a data-mention-id=\"MU\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Micron Technology\" target=\"_blank\" href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$</a> Trade Idea: May 1 520C\nTrigger: 500 ✅\nTargets: 520, 600 🎯\nStop: 471 🛑\nMU broke out above 471 this week and ran to 506.\nMU to 600 is now in play.\nLet’s see if MU can continue to form a base above 471 this upcoming week.\nCalls can work above 500 this week.\n<img data-align=\"center\" src=\"https://community-static.tradeup.com/news/d3eac1543a0d3a3a328049575018213e\" tg-width=\"1162\" tg-height=\"573\">\n<hr>\n<blockquote>\n 😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.\n 🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!\n <a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\">Hot Merch Returns · Up to 43% Off</a>\n <img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\">\n</blockquote></body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some trading ideas with you!\n\n<a data-mention-id=\"MU\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Micron Technology\" target=\"_blank\" href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$</a> Trade Idea: May 1 520C\nTrigger: 500 ✅\nTargets: 520, 600 🎯\nStop: 471 🛑\nMU broke out above 471 this week and ran to 506.\nMU to 600 is now in play.\nLet’s see if MU can continue to form a base above 471 this upcoming week.\nCalls can work above 500 this week.\n<img data-align=\"center\" src=\"https://community-static.tradeup.com/news/d3eac1543a0d3a3a328049575018213e\" tg-width=\"1162\" tg-height=\"573\">\n<hr>\n<blockquote>\n 😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance.\n 🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold!\n <a target=\"_blank\" class=\"link rich-text-anchor __anchor-intercept-flag__ text-content-link\" href=\"https://ttm.financial/TW/554651083281352\" title=\"\">Hot Merch Returns · Up to 43% Off</a>\n <img data-align=\"center\" src=\"https://community-static.tradeup.com/news/59c7e1e81ab952e9f6906006c98def18\" tg-width=\"1080\" tg-height=\"1350\">\n</blockquote></body></html>","text":"Hello everyone! Today i want to share some trading ideas with you! $Micron Technology(MU)$ Trade Idea: May 1 520C Trigger: 500 ✅ Targets: 520, 600 🎯 Stop: 471 🛑 MU broke out above 471 this week and ran to 506. MU to 600 is now in play. Let’s see if MU can continue to form a base above 471 this upcoming week. Calls can work above 500 this week. 😍 Been eyeing Tiger merch but short on Tiger Coins? Now's your chance. 🎁 We’ve selected 4 high-demand items across practial, lifestyle, and learning, now with a lower redemption threshold! 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