MU Options Are Pricing a $134 Move by July 31 — But the Chart Model Sees Only $33

Micron Technology, Inc., ticker MU, closed Friday at 922.76. Hold onto that number. Everything in this episode is measured against it. Our read into the July 31 expiration is leaning bullish. It is not a conviction call. Implied volatility is cooling, the stock of open put contracts thinned through the week, and the strike where the most option value expires worthless sits above the market…

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