u/KeyTrainingk ·
Reddit — r/options
· June 29, 2026 at 21:55
· ⬆ 16 pts
· 💬 8 comments
| View on Reddit ↗
AI Summary
Summary
The author observes that MU (Micron Technology) recovered from an intraday plunge to close positive, attributing the resilience to consistent support and “someone catching” the stock.
Thesis: The recovery suggests the stock is not truly weakening; the AI memory rally sentiment may continue. Author bought calls before the close, betting on continuation tomorrow.
Quality assessment: Speculation based on short-term price action and sentiment, not deep fundamental or technical analysis.
Score16
Comments8
Upvote %87%
▶ Full Post Text
MU experienced significant volatility today. During the intraday plunge, sentiment immediately plummeted, and many probably thought it was entering a weakening phase. Interestingly, it didn't break down directly; there was consistent support below. It did fall, but there was a sense of "someone catching it," preventing it from spiraling out of control. Then, it was slowly pulled back up, ultimately closing in positive territory, which was quite unexpected
If it were a truly weakening stock, it would be very difficult to recover after a drop, but MU today seemed to have been slowly supported after the initial plunge, remaining in a consolidation phase without a clear trend reversal.
I bought some calls before the close, feeling that if it were truly weakening, it wouldn't have recovered like this, so I wanted to bet on a continuation tomorrow. The key questions are whether the low can hold and whether the momentum can continue, rather than just a brief surge. If it continues to be supported, then the sentiment from this AI memory rally might not be over yet
What are your strategies for today, guys?