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Investor's Business Daily

Investor's Business Daily

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Micron Technology (MU) stock moved back above its 50-day moving average and is due to report earnings March 20

Investor's Business Daily
Summary
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59% Informative

Micron Technology ( MU ) stock moved back above its 50-day moving average Thursday .

Its volatility skew is high due to the pending report with short-term options showing higher implied volatility.

One way to take advantage of this skew — a diagonal put spread.

The maximum potential gain is around $400 which would occur if Micron stock closes right at 85 on March 21 .

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