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EPS100Momentum (72.47)

Call volume surges ahead of 10.09.13 earnings for Micron



October 01, 2013 – Comments (0) | RELATED TICKERS: TQQQ , QCOM , MU

The call volume for Micron is starting to surge ahead of its earnings.


Notable strikes with volume surge are the:

Jan. $26

April $24

Nov. $19

This tells me two things, one is that there could be plenty of shorts buying insurance with the calls in case the stock goes against them. The other is that call volume surging ahead of earnings makes me think that someone could have leaked out the earnings results. I hope the latter is not the case.

In just 8 days there is going to be some serious fireworks in MU shares if it beats any of the forecasted EPS estimates :

.24 EPS on 10.09.13

.44 EPS this current qtr

 2.10 EPS for next year.

Those kind of EPS numbers have a way of making their own fireworks.

This is what EPS100Momentum is all about Explosive Earnings.

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