$Micron Tech(MU.US) Micron is the data pattern I've seen in the past two days that is relatively reassuring.
The top-left chart is the short-term volatility trend chart. Although the stock price has experienced a significant decline recently, volatility has remained high and even reached new highs in recent trading days. The options expiring next Friday have already reached 106%, and even after deducting the earnings report effect baseline, they are still in an upward trend.The top-right chart is the Put/Call volatility spread trend chart. Among the options expiring in the next month, the two nearer-term options have already returned to a positive spread state. This marks the end of a more than one-month period dominated by bullish sentiment. If the market can shift back to being dominated by bearish sentiment and maintain it for a while, it will be particularly beneficial for the stock price consolidation.The bottom-left chart is the options position change chart. The options expiring in 7 days and 42 days show a relatively noticeable increase in new bearish (put) option positions, while other options do not show active opening of bullish (call) positions.The bottom-right chart is the single-day position change chart from last Friday. The active opening of bullish (call) options has not decreased. Note that at a time when the stock price and the overall market environment have clearly pulled back, the opening of bullish options has not cooled down, which is a rather special signal. However, because the volatility spread continues to move towards positive values, I would not interpret these new bearish positions as long positions entering the market.Conclusion: $Micron Tech(MU.US) market participants have shown a moderate retreat into bearish positions, but overall volatility is rising instead of falling. This state makes me feel that upward momentum can restart at any time. Do not short $Micron Tech(MU.US) lightly. Although the stock price continues to fall, the trading data is already relatively healthy among various stock categories.
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