MU is a strong long-term AI stock with rapid revenue growth and high technical indicators, suitable for covered call income.

Micron announced its results last night, and today they appeared in my checker, the AI-powered checker in my Cashflow IQ software.

and then I see Micron stock. "Micron" shows me what is called the equilibrium point. This is a strategy we call the equilibrium point because it is balanced. It is exactly at the execution price.

You get the greatest return at the execution price compared to whether you are outside or inside it.

So, in my current trading plan, it's convenient because I can get into something in a yellow market, and they achieved amazing results last night. Therefore, I feel very confident that they are a big part of the AI business and they are not going anywhere anytime soon . This is very important to me in the long term.

I'm not sure whether I'm going to make this deal or not. I'm referring to it as something you can start doing your research about, and that's how I do my routine. So, take a look at " Micron" in my program.

Let me enlarge the screen a little. He says: Sell the October 7th option . So, the buy option for October 7th is at 1040. That's right around the strike price, and the premium is that price there.

The return is approximately that amount . Return is income.

Things continue here and she says: "This is the weekly return." This is the amount of income I will receive, and I will explain it to you in a moment. This is the annual figure and it is only there so that you can compare different options and make sure that they are on the same level of return comparison, but it is certainly not a definitive figure.

It only gives you a sort of indicator. If it is called in this session, you may want to choose to let it be called if it exceeds your execution price. This is the amount that appears there.

Then it tells you that the arrow is green in my stock timing system . It is an excellent stock, meaning it has all the hallmarks of great stocks throughout the ages such as Apple, Dell, Intel, Amazon, Microsoft, and all those great stocks you know.

The return on equity for this company is 92%. The open interest is 51 and it tells you where to place the stop loss , right? We have a built-in stop loss here at 7%, which indicates that it is at approximately the 969 level.

Therefore, you have to be very careful to make sure you do n't lose money because covered option trades are tricky. You make money from the yield, but if the stock starts to fall too much, you really don't want to be in that trade.

The next thing I'll do is drag it into my pattern recognition tool and I'll enlarge it here. I have a screen here called Pattern Recognition, which helps you identify patterns and makes it really easy.

We are now in a cup pattern, which is a new base, meaning it is trying to return to the 1254 level. So, we are currently a little below that . As you know, the stock is still fairly strong .

We are at the beginning of the game, which means you don't have to make a decision now. You have time to do your research because the market is in a state of anticipation ( yellow color).

But, if I were thinking about doing that now, this is the kind of thing I'm looking at. So, you see the arrow above all the major moving averages, the 200, the 50, and the 21. It forms the right side of this cup.

Now, will he make a small handle here? Maybe, I don't know.

Let's take a look at the basics of this stock. As you can see, sales have increased from 37 billion last year to 133 billion this year, and then to 266 billion, which is almost double.

And um...and then...310. This company is extremely brilliant. It's growing like crazy. And umm ... as you know, they specialize in things related to semiconductors, which is the most popular field in the market right now .

This particular stock has a Guinness strength rating of 98, meaning it outperforms most other stocks by 98%, especially with the green indicators we have included. Therefore, it is our own indicator that shows you how strong the stock is.

So, you want to invest in a strong stock. You want to buy and sell based on power. You don't want to buy when the stock is in a " sales" state. And you don't want to sell when the stock is in a " discount" state.

You want to sell before it reaches the large discount levels. Um... anyway, we're looking into it , and as you can see, it looks very good.

Now, I want to do something else. I will conduct an analysis of the options. So, I'll set the price at 1040. Oh, that 's my price there, 1055. I'll set the price at 1055.62. This is the current market price.

He does all the calculations on my behalf. So, it tells us that the option lasts for 6 days , and I will sell contracts at 1040. I might raise the price slightly to 1055, which is right at the current market price .

And when I do that, you can see the numbers that appear. This is the amount of return I will receive. I am considering trading on 600 shares. If you can calculate the annual return, all these figures will be useful for comparison.

It explains to you what these numbers are and the potential loss, because knowing this number is very important in case the stock leaves the market completely .

Now, I don't think Micron will go out of the market, but anything is possible. But if that doesn't happen and the stock remains at the strike price of 1055 or higher, which is its current level, then that is the maximum profit for this trade.

That's how I see it , and it gives me a very good idea of what's going on with it .