Option Trading Before Earnings in Micron Technology (MU)
With the market's direction becoming tenuous, especially in mega tech and especially yet further in semi-conductors, we can explore option trading opportunities in Micron Technology, Inc (NASDAQ:MU) that do not rely on stock direction.
It turns out, over the long-run, for stocks with certain tendencies like Micron Technology, Inc, there is a clever way to trade market anxiety or market optimism before earnings announcements with options.
For context, here is a two-year stock chart of MU, and we have noted the recent volatility.
The Trade Before Earnings
The goal is to benefit from a unique and very short time frame when the stock might move 'a lot', either due to earnings anxiety (stock drops before earnings) or earnings optimism (stock rises before earnings), but taking no actual earnings risk.
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