MU IV crush this week did more work than the stock ripping to $1255 ever did
Author is short cash-secured puts at $500 strike (June 2027) combined with 1350 long shares, generating $56K profit (39.6%) primarily from IV crush rather than stock movement. The position reflects confidence in MU's value above $500, with the author considering taking profits on the puts and redeploying capital at higher implied volatility.
At post $861.00·Now $1,000.26+16.2% since postedas of Sep 8, 4:30 PM ET
MU short put play - 93.5k premium for obligation to buy MU at $500
Micron is positioned for near-term upside into June earnings, with the author deploying a short put spread (10 x $500 puts expiring 6/27) to capture 30-50% premium over weeks. The trade combines asymmetric earnings-driven upside optionality with a deliberate long entry point at $500 if assigned, where the author is comfortable owning shares given the company's earnings trajectory.
At post $731.99·Now $1,000.26+36.6% since postedas of Sep 8, 4:30 PM ET
MU is the cleanest play on the imminent Samsung strike
Samsung's imminent 18-day strike will cause spot DRAM and NAND prices to spike while MU maintains production. With SK's inventory locked in long-term contracts, MU gains negotiating leverage in 2027 contract talks and captures spot pricing uplift. MU's US-based fabs and higher DRAM/NAND flex position it to gain market share during the supply crunch.
At post $766.58·Now $1,000.26+30.5% since postedas of Sep 8, 4:30 PM ET
Micron is experiencing a supply-constrained memory cycle with sold-out HBM inventory through 2026 and demand from hyperscalers (NVDA, AAPL, AVGO, MSFT, META, AMZN) far exceeding supply. Strong earnings beat (33% above guidance), massive revenue growth (196% YoY), and forced index buying post-SP500 inclusion suggest the rally has room to run into June earnings.
At post $795.33·Now $1,000.26+25.8% since postedas of Sep 8, 4:30 PM ET
Micron (MU) has been irrationally undervalued as a cyclical stock despite major tailwinds from AI adoption, data center buildouts, and severe memory shortages benefiting the company. As institutional investors rotate into the stock and short positions unwind, MU is entering a strong uptrend with significant upside potential toward $1500 by end of year.
At post $666.59·Now $1,000.26+50.1% since postedas of Sep 8, 4:30 PM ET