MU CALL +$14.73 (+141F) — squeeze broke up late into IB high
+$14.73 (+141F) on the MU CALL from $789.51 at 10:35am to $804.24 at 2:55pm as bands stayed normal before tightening hard during the trade, then finally expanded with a breakout. Buyers had the lift from heavy volume anchored at 10:25am with no overhead resistance, momentum confirmed when DI+ took over at 11:35am and the Kijun flip hit at 11:45am, then the real trigger came at 2:30pm as price cleared the opening range high at $811.26 and volume spiked right into the move.
MU paid +$14.73, with the call entered at 10:35am at $789.51 and closed at 2:55pm at $804.24 after a 4 hour 20 minute hold, capturing 61% of the day’s best close-to-close move. Z3 flashed bullish at 10:40am, just one bar after entry, stayed favorable on 13 bars, and peaked at 3.66 at 1:00pm, so momentum showed up early even if price didn’t fully release right away. The setup had a bullish volume anchor from 10:25am in the lower part of the day’s value area with no overhead resistance line, buyers took control when DI+ crossed at 11:35am, the Kijun flip confirmed at 11:45am, and the real expansion phase hit into 2:20pm–2:30pm as bands tightened, volume picked up, and price finally broke above the Initial Balance high at 2:30pm. It was not a clean entry: MU closed $11.69 against the position at its worst by 11:15am and took 145 minutes before the trade showed even $10 of favorable excursion, then gave back $9.47 from the peak into the exit.
Verdict: messy but valid, definitely theta-expensive, and still worth the hold because the late-day confirmation stack finally paid the structure.