MU & SNDK Update: Where We Are Tuesday Night, and What's Actually Next
Micron prints fiscal Q3 after Wednesday's close, SanDisk is sitting on a 200-point air pocket, and the Korean memory cascade is the only macro signal that matters into the print. Here's where MU and SNDK are right now, what the tape is telling me, and the three scenarios I'm trading.
Quick update on MU and SNDK now that the dust has settled on Tuesday's session.
Micron closed near the lows of the gap, SanDisk gave back roughly 200 points and stayed there, and the rest of the U.S. memory complex (WDC, STX) traded with them. The Korean session that started this — KOSPI down 10%, Samsung and SK Hynix liquidated, halt tripped — did not reverse into the close. That is the relevant overnight signal heading into Micron's print.
Below: where the two names actually closed, what the options tape is pricing, the three scenarios for Wednesday after the bell, and how I'm sized.
This essay reflects the personal views and opinions of Guy Gentile and is published for informational and educational purposes only. It is not investment advice, a recommendation to buy or sell any security, an offer or solicitation, or a research report. Markets carry risk and any positions, setups, or names discussed may change without notice. Mr. Gentile and parties affiliated with him may hold, add to, reduce, or close positions in the securities discussed at any time. Do your own research and consult a licensed financial professional before making investment decisions. Past performance is not indicative of future results.
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