Good morning and welcome to Issue #1 of The Morning Momentum.
Every morning before the bell you'll get real momentum plays, options income ideas, and day trade setups — based on real market data, not theory.
Let's get into it.
🌙 Overnight Brief
Markets have been under pressure the last two days. The selloff started in Asia with South Korean chip stocks getting hammered, spreading to US tech and memory names. The U.S. dollar hit a new 2026 high above 101 this morning, reflecting risk-off sentiment and rising odds of a Fed rate hike.
Today's key events:
MU (Micron) earnings after close — biggest binary event of the week
Fed bank stress test results — out today
May new home sales data — out this morning
🔥 Top 3 Momentum Plays — June 24
#1 — SMCI (Super Micro Computer)
SMCI jumped more than 16% yesterday after an upgrade to Buy from GF Securities, plus announcing a data center product for Nvidia's Vera Rubin NVL4 platform. Strong momentum continuing today.
Entry: $38–40
Target: $46
Stop: $36
#2 — UNH (UnitedHealth Group)
Healthcare is the market's safe haven right now. UNH held strong while everything else fell — that's relative strength you want to ride. Defensive money rotating in here daily.
Entry: $405–408
Target: $418
Stop: $399
#3 — MU (Micron) — Pre-Earnings Setup
Analysts project $34.66 billion in revenue and $19.95 EPS for tonight's report. Last quarter Micron beat estimates by 42%. Options are pricing an 11% swing tonight. High risk, high reward.
Entry: $1,050–1,070
Target: $1,180+ if earnings beat
Stop: $1,000
⚠️ Only trade with money you can afford to lose — this is a binary event.
💰 Covered Call of the Day — UNH $410 June 26
Already own UNH? Here's how to make money on it this week:
Sell the June 26 $410 call
Collect ~$4.00 premium = $400 per contract
If UNH stays below $410 on Friday → keep shares AND the $400
68% probability of expiring worthless
Theta burns $75/day in your favor
This is textbook weekly income generation on a profitable position.
👁️ Stocks to Watch Today
MU — Watch. Earnings tonight. 11% swing priced in. Don't guess the direction — wait for the result.
NVDA — Watch. Lost key $208 support. Could bounce if MU beats tonight.
MSFT — Hold. Bucking the selloff, up 1.6% yesterday. Defensive large cap AI play.
SMCI — Watch. Up 16% yesterday on upgrade. AI server play with real momentum.
MRVL — Avoid. Classic sell-the-news after S&P 500 inclusion. Let it stabilize.
BMNR — Hold. Crypto proxy. Sell covered calls to generate income while waiting for recovery.
📝 From My Portfolio
I sold my SOXL position before it dropped another 20% — good timing. I'm adding to my SPCX position on this dip because I believe in SpaceX long term. They have $100 billion in cash, dominate the rocket launch market, and Starlink is growing fast. The market is treating it like a meme stock but the fundamentals are real.
Tonight I'll be watching MU earnings closely. If they beat — semiconductors recover hard. If they miss — more pain ahead for the sector. I'll cover MU results in tomorrow's Issue #2.