Core Viewpoint - The semiconductor giant Micron Technology Inc. is positioned to benefit from the ongoing chip and AI rally, despite its stock not rising as quickly as some competitors [2][4]. Company Analysis - Micron's current stock price is $127.25, with a relative resistance zone around $157 and support near $95 [6]. - The proposed trade involves buying 100 shares of Micron and selling a covered call option with a strike price of $130, expiring in June 2026, priced at $24.50 [8]. Trade Strategy - The trade strategy is a leap covered call, allowing the trader to hold the stock at a discount while collecting premiums from the call options [4][5]. - The breakeven price for the stock at expiration is calculated to be $102.75, providing a 20% discount from the current price [6]. - If the stock price exceeds $130 at expiration, the trader will realize a return of approximately 26% after commissions [8].