MUU Paper Profit Jumps to 21% After Micron Earnings

$MU 2X Long ETF(MUU.US)

Strong Earnings, Stronger Follow-Through

My MUU position just got another boost. My paper profit has jumped from around 13% to 21% following the positive move in Micron after its latest earnings release.

$Micron Tech(MU.US)  delivered a very strong quarter, with revenue reaching $54.23 billion and adjusted EPS at $33.42, both ahead of expectations. The company also guided for $61.5 billion in next-quarter revenue, showing that strong memory demand is continuing.

I Like What The Price Action Is Saying

What caught my attention was the price action. MU opened lower on Thursday but reversed strongly and closed near the session high. MUU followed with a 5.38% gain, closing at $38.80.

For me, this is an interesting short-term bullish signal. The market had a chance to sell the news, but instead buyers stepped in and pushed the underlying stock higher.

Holding and Watching the Next Move

With my MUU paper profit now at 21%, I am not rushing to take profit. I will continue to hold and watch whether this momentum can carry further.

The earnings were impressive, and the price action gives me more confidence in my short-term thesis. For now, I am staying patient and letting the trade develop. 📈