$MU · Benzinga · 2026-11-03

my number one best stock uh was actually Micron buying puts. and what I was doing was I would buy them and then like a minute later when you thought the MA market was going to go through its lows, sell them two, three points higher. Small contracts.

Interesting to see Micron up 30 points today.

Uh, most active in the morning. Spies Q's, Apple, Palanteer, Celis, Life Sciences, Intel, Micron, Oracle, Tesla, SanDisk, AMD, Nvidia, no surprises, SpaceX 138.

I think Micron is just so interesting here. So hard to trade. But yesterday was actually I don't know. It's just fun. What's crazy is you could make these buy these like 16 cent options so far out of the money micron and next thing you know they're worth like 50.7 cents.

So you can get in with low risk. JJ, that's your style. I know.

but Micron looks so weak at the close yesterday. So weak and so tough to believe this here, but how high can it go? You know, Micron bearish some. Oh, shoot. I actually have a 170 180 call on Micron for November 4th, but I remember saying like if it comes all the way back up to 870, that means the market's going to be up a lot.

What I didn't realize was we could have a scenario where the market's not up a lot and micron's still back at 87880, which could be the case. So I sold the 870, bought the 880, and I collected $228.

So, I'm risking $750 to make $250. I did this for two days when it was at $830 something. Now, it's set to open at$864. We'll see if I lose on that. I lose on that. But I'm not covering it.

No way. The most I could lose is 700 bucks. So, I'm in for that.

I like MU a lot. It's daily rhythm has changed the past week.

I'm looking at uh Micron closed really weak, open strong. I I want to see if um I want to see if it goes back down. I'm looking to try to you know fade the fade the open on Micron as as my play.

Yeah. If if I could get preferred premium pricing. Okay. So, how would you um you'd go long a put or you'd go short calls? You go long a put. Okay, I just missed the 785 for the 825.

I got it. So, I got the 8.25 put for $7.85 cents, which is expiring tomorrow. So, um, yeah, I'm not So, you can't hold this for a long time because you're you're you're fighting against time.

Exactly. And, you know, I just want to see if we get the reversal. Right now, it's it's actually going the other way.

Uh, tomorrow. So, um, yeah, I'm not listen, I this looks so weak yesterday. Yeah, it would be amazing. But now it literally just ran. I lost $1,000 in it already.

it's I this one is really really really tough to trade um with short cycles. I've been trading this one over a year constantly. I've had a position in it for well over a year. And so I come to I've come to see that it is a beast that does not like a master.

Uh if I could put it that way. I just it's very very tough and it has a tendency to put in strong reversal days right beside each other. So if you see a a weak day, then the next day is stronger.

If you see uh a strong day, then the next day is weaker. It's just any of these big moves one at a time, you're going to see him do the exact reverse. And so what you're saying is that potentially that would come to pass because I do see hey on these big moves down you see that reversal but it does fall into trend.

And so my thought is if if you're looking at that this dogee is this one's pretty interesting. I think this dogee at 885 might give it a little bit of trouble. It might give it a little bit of trouble, but you're you're sitting in the right direction.

Momentum is definitely negative. No doubt about it. No, no doubt about it.

it's very very tough and it has a tendency to put in strong reversal days right beside each other. So if you see a a weak day, [snorts] then the next day is stronger. If you see uh a strong day, then the next day is weaker.

It's just any of these big moves one at a time, you're going to see him do the exact reverse.

Um well, now MU broke down a little bit. >> MU. All right, let's take a look. >> Very tough to trade. very tough to trade. >> Yeah. And you know what the volatility the volatility intra chain is very big.

Sometimes it'll go great big wide. Sometimes it'll be really really tight. It's it is very hard to trade. You literally, if you're taking something tight like this for an intraday move, you literally have to come to the space of listen, I am either going to lose all of this or make a ton. But there's no in between. There's no in

But again, look at this accumulation distribution line. You can tell it's running up into the open and then it starts cresting over. You can use your MACD, standard MACD. watch it cross over as well as accumulation distribution and that's where you put your short on and run it down.