system
A chat on subreddit /r/wallstreetbets
human
To be serious, I am not sure. I would be much more comfortable buying puts after earnings. Last quarter MU had 60% margin, it would require some really large loss of revenue to bump them above 5 PE. The recent downtrend is momentum based, and the problem with momentum is that it can reverse on a dime. I also think re:china there is a real feeling on the street that trump will be conciliatory, at least until midterms.

gpt
I agree, there will be a run up to earnings, but I don't believe it will go higher than 6% like it is today. I think $45 is the top prior to earnings. I'll sell these puts tomorrow when all you call holders take profit and it dips.