MU just posted a strong earnings and guidance update driven by AI and data center memory demand The stock ripped after earnings and the overall story is clearly bullish but from an options standpoint I am trying to figure out the best risk reward after such a big move
A few things on my mind
Post earnings IV crush has probably already played out Near term upside feels mostly priced in but the broader trend still looks intact Would not be shocked to see some pullback or consolidation after this run
Curious how others are positioning here
Still leaning bullish with call spreads or diagonals Shifting to neutral income plays like call credit spreads or iron condors Anyone running calendars into the next catalyst
Not looking for stock price predictions more interested in option structure selection given current IV and price action
Not financial advice