Micron Technology, Inc. (MU) Covered Calls

Micron Technology, Inc. covered calls Micron Technology, Inc. is a global leader in innovative memory and storage solutions. The company specializes in manufacturing dynamic random-access memory (DRAM), NAND flash memory, and solid-state drives (SSDs). Serving the data center, automotive, and industrial markets, Micron provides essential hardware that powers artificial intelligence, high-performance computing, and mobile communications. It recently pivoted to focus exclusively on enterprise and cloud infrastructure.

You can sell covered calls on Micron Technology, Inc. to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for MU (prices last updated Fri 4:16 PM ET):

Micron Technology, Inc. (MU) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
411.66 -2.31 411.30 411.45 32.0M 39 466
Covered Calls For Micron Technology, Inc. (MU)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 412.5 14.70 396.75 3.7% 169%
Mar 20 410 39.85 371.60 10.3% 104%
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Core Business and Products

Micron Technology, Inc. is a cornerstone of the global semiconductor industry, specializing in memory and storage technologies. As of early 2026, the company has completed a significant strategic transformation, exiting the consumer retail market to focus entirely on enterprise-grade hardware. Its product portfolio is divided into several key categories that form the backbone of modern digital infrastructure.

  1. DRAM (Dynamic Random-Access Memory): Micron is one of only three major global producers of DRAM. Its primary focus in 2026 is High-Bandwidth Memory (HBM), specifically the HBM3E and HBM4 standards. These chips are integrated directly into AI accelerators to provide the massive data throughput required for generative AI training and inference.
  2. NAND Flash and SSDs: The company manufactures high-stack NAND (reaching 256 layers and beyond) used in solid-state drives. These products provide persistent storage for data centers, high-performance laptops, and industrial automation systems.
  3. Edge AI Solutions: Micron is a pioneer in Low-Power DRAM (LPDRAM) for mobile devices and automotive applications. In 2026, its LPCAMM2 memory modules are being widely adopted in AI-enabled PCs to support local processing without sacrificing battery life.

Competitive Landscape

The memory sector is notoriously capital-intensive and operates as a global triopoly, where Micron competes primarily on power efficiency and technological lead times:

  1. Direct Memory Rivals: Micron’s most significant global competitors are Samsung Electronics and SK Hynix. In 2026, the competition for HBM market share is particularly fierce, as both South Korean firms race to supply NVIDIA and Advanced Micro Devices.
  2. Storage Competitors: In the NAND and SSD markets, Micron vies for market share with Western Digital and Seagate Technology. While Seagate focuses on traditional hard drives, Western Digital remains a direct rival in high-performance flash storage.
  3. Foundry and Design Peers: While not direct competitors, Micron’s manufacturing roadmap is closely tied to equipment providers like ASML and Applied Materials, as it utilizes extreme ultraviolet (EUV) lithography for its advanced 1-gamma DRAM nodes.

Strategic Outlook and Innovation

Entering 2026, Micron is experiencing an "AI Supercycle" that has fundamentally changed its business model from a cyclical commodity provider to a structural growth leader. A defining move occurred in February 2026, when the company officially retired its "Crucial" consumer brand to prioritize the surging demand from hyperscale cloud providers. This shift has allowed the company to reach record gross margins as it reallocates wafer capacity to high-margin HBM4 modules. Strategically, Micron is a major beneficiary of the CHIPS and Science Act, with massive new fabrication facilities currently under construction in Boise, Idaho, and Clay, New York. These "megafabs" are designed to secure a resilient domestic supply of memory for U.S. national security. With its entire 2026 HBM supply already sold out through long-term agreements, Micron is positioned to provide unprecedented stability and earnings growth in a historically volatile industry.