Today Micron Technology (MU) traded 33,434 of the April 20 55 Call. The last trade was $2.40 or $240 a contract. So for this trade to work it will need to trade above $57.40 to break even.
There are 33 trading days for this to happen. The stock closed at $52.03. So it needs to move $5.37 or a bit more than 10%. This could happen if tech stays strong but we would rather own the stock than the
options for such a move.