Wheel tactics, straight from the desk
Hands-on playbooks for premium sellers: expirations, position sizing, rolling and repair — with concrete numbers, not vibes. Free while we build out the library.
MU wheel watch: $730 put leaves a 17.0% cushion
The September 18 $730 put showed a $22.85 reference credit and a 17.0% breakeven cushion at 12:03 p.m. ET. Its valuation is low beside storage peers, but IV is far below its three-month norm and the memory cycle remains the main risk.
MU wheel watch: $720 put leaves a 23.6% cushion
The September 18 $720 put carried a $37.05 reference credit and a 23.6% breakeven cushion at 11:59 a.m. ET. Micron’s low forward multiple and revenue surge meet below-normal IV and an older support shelf.
MU CSP setup: rich premium, real cycle risk
Why Micron led Eddie's watchlist in this afternoon's review, and why assignment capacity and memory-cycle risk matter more than the headline yield.
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