Michael Burry Says Micron Is a Bubble. The Company Says AI Memory Is Sold Out Through 2028

Options trading and stock market analysis: Micron closed at $975 and is up to $1,010 pre-market. AI memory is reportedly sold out through 2028. Revenue up 346%, gross margins above 84%, free cash flow surging. And 100% IV through November with a 125-point implied move just for this week. Michael Burry says it is a bubble. The options market says position for massive movement. Mike Butler and Jermal Chandler break down the butterflies, iron condors, and why selling naked puts in a $1,000 stock with 100% IV is simply not the play. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Burry says bubble, bulls say sold out through 2028 00:50 100% IV through November, 125-point weekly implied move 01:28 Is Micron the next $2 trillion company? 02:06 Jermal saw a data center over the holiday: eyeopening 03:26 Sold out through 2028 is the staying power 04:01 A $2,500 price target if it reaches Microsoft-level cap 04:42 Butterflies and calendars are the play at $1,000 per share 05:25 Iron condor from earnings still has $400 of extrinsic 06:16 Call butterfly 1100/1200/1300 wrapped around the condor 07:07 Put skew starting to appear for the first time 07:25 Rotation: when semis get dumped it goes to Walmart and healthcare #tastylive #micron #ai #optionstrading #butterfly #ironcondor #mathcheck #impliedvolatility #aibubble #tastytrade tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.