RyanDreBach

MU Overbought - Expect an 8% drop from here

看空
NASDAQ:MU   Micron Technology
Semis are severely overbought and MU has outperformed the recent bull run this month without any uniquely good news for them, so I expect MU to give back it's gains on a pullback more than average. With semis overbought, market uncertainty into next week, and weekly options expiring tomorrow, I expect a decent selloff tomorrow. Tomorrow would be great timing for an MU selloff, especially considering price movement has been mirroring it's recent price action up. Though, I don't recommend buying puts expiring tomorrow, the options are dirt cheap considering the likelihood of this playing out, so I've just bought last day puts out of the money as a yolo, but am also holding puts expiring in a couple of weeks, since I could be a little early for the pullback. I will add puts into next week if it does not pull back.
免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。