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Playing Micron Technology’s (MU) Earnings

Volatility on Micron Technology is high and its true value will emerge just after the company reports quarterly results. Markets already know MU will crush expectations. So is the stock a buy at $28-$29 and a sell at $32-$34?

Hold MU Through ER

MU stock should trade above current levels if the ER is above expectations and the stock doesn’t rally much ahead of results. Yet, after MU stock rallied from $27-$28 and through to close to $32, more upside after the report is hardly a sure thing.

Sell or Stay on Sidelines

MU could go up or down after the results. Instead of guessing, wait for the ER first, then buy.

Trade Weekly Options

The elevated volatility gives options trades plenty of time decay to work with. 

Related: LRCX, AMAT, CY, INTC, AMD all have similar potential value like MU stock. AMD has a multi-product refresh but revenue does not accelerate until 2018. INTC just released the Core i9.