Micron Earnings Reaction and Call Wall Resistance
Key Questions
What were the results of Micron's recent earnings report?
Micron reported better-than-expected earnings after the close on March 11. Despite the positive results, shares declined in after-hours trading.
What is the $1,200 call wall and how might it affect Micron stock?
A large call wall at $1,200 could cap upside potential for Micron shares. Active traders are advised to monitor this level along with options flows.
What other risks should traders consider after Micron's earnings?
An elevated VIX at 20 may lead to post-earnings compression. The upcoming PCE reading on Friday also introduces additional macro risk.
Micron reported better-than-expected earnings after close on March 11. Shares are down in after-hours, but a large call wall at $1,200 could cap upside. Elevated VIX (20) may compress post-earnings. PCE on Friday adds a macro risk. Active traders should watch the $1,200 level and options flows.