MU/COIN Earnings Vol Spreads

And a RBLX Earnings Trade

MU earnings are after the close and it is an understatement to say that the stock has taken off like, well… it’s the Patriot missile chart pattern:

Lest you forget, there is a 2x ETF on most popular stocks and MU has two dedicated to it; why bother with a measly 100%+ in six weeks when you can get more than double that in MUU:

The growth of these leveraged individual stock ETFs is just astounding, and when there are sizable but always fleeting dips (fear is only for the ‘professionals’ now) they make the performance of 3x tech ETFs like TQQQ/SOXL/FGNU/BULZ/ look piddly in comparison:

Ah, the convexity is everywhere, not just in giga tech options and 0DTE. It’s shadow gamma sitting in plain sight. If you would like Charlie the celebrity quant to walk you through how this works, he was a guest on Odd Lots not long ago when tariffs mattered to markets:

https://podwise.ai/dashboard/episodes/3428308

And so, on to MU earnings. Yesterday in the chat, for 7 cents I started a $120/119 put diagonal spread, selling this week and long next week: