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Price Forecast:


Bearish   <->   Bullish



Bullish Case: Micron's recovery driven by AI demand and strategic fab investments may continue, bolstered by high call option volumes signaling optimism. Recent bullish implied volatility trends support potential upside.



Bearish Case: Geopolitical tensions and a flat forward volatility structure may suppress growth, with increased short interest adding downside risk. Continued insider selling raises concerns about stock stability.



Potential Outcomes:
  • Probability of sustained bullish momentum: 55%
  • Probability of price stagnation: 25%
  • Probability of bearish decline due to market uncertainties: 20%



Trading Oracle: Consider a bullish strategy using a short-dated bull call spread: buy $105 calls and sell $110 calls for December expiration, aiming for high reward-to-risk given the current bullish sentiment. Market odds of profit around 65% provide a solid edge. Alternatively, sell $103 puts to capitalize on low implied volatility with favorable risk metrics.


November 22, 2024


Micron Technology Forecast

MU        Micron Technology

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