MU Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: MU's recent option volumes indicate bullish sentiment, supported by increasing demand in the AI sector and solid financial performance. The favorable Helium implied volatility suggests potential price increases.




Bearish Case: Ongoing geopolitical risks and cybersecurity concerns could dampen MU's performance. High put option interest highlights potential pessimism, with market volatility indicating uncertainty about short-term prospects.




Potential Outcomes:

1. AI demand continues to grow, increasing MU price by 10% (40% probability).

2. Cybersecurity risks resurface, leading to a 15% drop (30% probability).

3. Market volatility stabilizes, resulting in flat price action (30% probability).




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October 27, 2024


Micron Technology Forecast

MU        Micron Technology











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AR Forecast + Options Trading Strategies   AR  Antero Resources (0.91)


AMAT Forecast + Options Trading Strategies   AMAT  Applied Materials (0.89)



Uncorrelated Assets

Assets with little price relationship to MU



CNXT Forecast + Options Trading Strategies   CNXT  VanEck Vectors ChinaAMC SME-ChiNext (0.0)


SGMO Forecast + Options Trading Strategies   SGMO  Sangamo Therapeutics (0.0)


SNBR Forecast + Options Trading Strategies   SNBR  Sleep Number (-0.0)


PLAB Forecast + Options Trading Strategies   PLAB  Photronics (0.01)


TS Forecast + Options Trading Strategies   TS  Tenaris S.A. (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against MU



IGT Forecast + Options Trading Strategies   IGT  International Game Technology (-0.8)


APPS Forecast + Options Trading Strategies   APPS  Digital Turbine (-0.82)


FUBO Forecast + Options Trading Strategies   FUBO  fuboTV (-0.84)


YCL Forecast + Options Trading Strategies   YCL  ProShares Ultra Yen (-0.86)


FWRD Forecast + Options Trading Strategies   FWRD  Forward Air (-0.86)









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