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Posts$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 fairly deep decline recently, volatility remains high, even reaching new highs in recent trading sessions. 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 options expiring within the next month, the two nearest 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 it can subsequently shift back to being dominated by bearish sentiment and maintain that for a while, it will be particularly beneficial for stock price consolidation.The bottom-left chart is the options position change chart. Options expiring in 7 days and 42 days show relatively obvious new bearish option positions, while other options do not show active opening of bullish positions.The bottom-right chart is the single-day position change chart from last Friday. Active opening of bullish options has not decreased. Note that at a time when the stock price and the overall market environment have clearly declined, 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 will not interpret these new bullish positions as long positions entering the market.Conclusion: $Micron Tech(MU.US) market participants have shown a moderate retreat to bearish positions, but overall volatility is rising instead of falling. This state makes me feel that upward momentum can be restarted at any time. Do not short $Micron Tech(MU.US) lightly. Currently, the stock price continues to fall, but the trading data is already relatively healthy among various sectors.
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