MU Im looking to probably build some $120/$115 BPCSs in the morning, expiring Oct 17th after I hopefully see a trend in the first 15 minutes of opening or may just buy some $125 or $130 Longs (Calls) expiring sometime early next year.
MU - Absolutely huge news! The President announced tariffs on any company not making chips in the U.S. — and guess what? Micron is the ONLY American-based memory chip manufacturer. This is a game-changer. The stock is ridiculously undervalued — it has no business trading this low. It should be sitting right next to AMD, and much higher, no question. Wall Street is finally starting to realize what we’ve known all along: Micron is a critical pillar in the AI boom, and its moment is coming fast. AMDNVDAMETA
MU is gapping post-market following a bounce off the mid-term support zone identified on July 22.
Given the nature of the decline from the June highs, I can’t rule out the possibility that this move is a relief rally rather than a trend reversal.
I’ll be watching the price action around the next major resistance zone at 115–120–124. This is the area for a potential lower high to form, and one more leg down to start unfolding to complete the correction.
MUMSFTMETA Warren Buffett built his fortune by buying during market dips—especially when panic selling and algorithmic trading drive prices down. These are the moments to act, not retreat. Take advantage of these opportunities and invest confidently. AI’s explosive growth demands massive memory capacity, and Micron is one of the world’s leading memory suppliers. At current levels, this is a strong buy.