Hedging strategies for MU

I hold $MU position than ran up pretty nice during last year. I want to hedge. By the McMillan book I am considering two alternatives: I sell ITM $480 Calls for $135 with Time Value of $105 (MU is $510) If the stock runs higher I will be assigned (if I don’t roll), so my ceiling is $615, and it gives me some soft cushion to the downside. The second strategy - zero cost collar: I buy $480 Put and sell $610 Call for total of zero dollars . Here my cap is similar $610, and downside is hard. the hedge expiration in both scenarios is Dec 2026. What are your thoughts? Any other ideas?