📊 Micron (MU) Options Strategies

Entry Date: Tuesday, January 21, 2026 | Capital: $10,000

Current Price
$363.07
Implied Volatility
66-68%
Key Catalyst
ASML Earnings Jan 28
Sector Sentiment
Bullish
📥 Download Stock Picks PDF
🔴 Weekly Calls High Risk
BUY 10x MU $370 CALL @ $9.20
Expiration: Jan 31, 2026 (10 DTE)
Max Loss
-$9,200
Max Gain
Unlimited
Breakeven
$379.20
Win Probability
~30%

Exit Conditions

✅ Profit Target: 50-100% gain ($13,800-$18,400)
⛔ Stop Loss: 50% loss (~$4,600)
📅 Time Stop: Close by Jan 29
🎯 Hold if MU breaks $375 with momentum
🟡 Bull Call Spread Medium Risk
BUY $360C / SELL $390C @ $15.50 net debit
Expiration: Feb 21, 2026 (31 DTE)
Max Loss
-$9,300
Max Gain
+$8,700
Breakeven
$375.50
Win Probability
~45%

Exit Conditions

✅ Profit Target: 60-70% max gain ($5,200-$6,100)
⛔ Stop Loss: Spread below $7.00
📅 Time Stop: Close by Feb 14
🎯 Roll to $340/$370 if MU drops to $350
🟢 Put Credit Spread Low Risk
SELL $350P / BUY $330P @ $7.00 net credit
Expiration: Feb 21, 2026 (31 DTE)
Max Loss
-$9,100
Max Gain
+$4,900
Breakeven
$343.00
Win Probability
~70%

Exit Conditions

✅ Profit Target: Spread at $2.00 (~$3,500 profit)
⛔ Stop Loss: Spread doubles to $14.00
📅 Time Stop: Let expire if MU > $355
🎯 Roll to Mar $320/$300 if MU drops to $350

📈 Probability Distribution by Stock Price at Expiration

🔴 Weekly Calls - P/L Distribution

30% Win Rate

🟡 Bull Call Spread - P/L Distribution

45% Win Rate

🟢 Put Credit Spread - P/L Distribution

70% Win Rate

📋 Strategy Comparison

Metric 🔴 Weekly Calls 🟡 Bull Call Spread 🟢 Put Credit Spread
Capital Required $9,200 $9,300 $9,100
Max Return % 443%+ (at $420) 94% 54%
Breakeven Move +4.4% ($379.20) +3.4% ($375.50) -5.5% ($343.00)
Days to Expiry 10 31 31
Theta Impact High (hurts) Moderate Helps position
Vega Impact IV drop hurts Partially hedged IV drop helps
Best Scenario MU rockets to $400+ MU rises to $390 MU stays above $350
⚠️ Disclaimer: This is for educational purposes only and is NOT financial advice. Options trading involves substantial risk of loss. The prices shown are estimates based on market data as of January 17, 2026. Actual prices will differ when markets open. Always verify current bid/ask prices with your broker before executing trades. Never invest money you cannot afford to lose.