Adam
Adam|Jun 23, 2026 20:32
Earnings on MU are probably one of the main highlights this week, besides the 75th turn of events in the war. The market is pricing a pretty large move, especially if you look at the historical average, which does make sense considering how hot the narrative has been lately. Skew is pretty elevated on both ends, since there's a lot of protection being bought while the upside gamble in OTM calls is still in play. Despite recent realized vol running higher than implied, I think selling a strangle into the event is still pretty reasonable trade, if you can stomach it.(Adam)
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