Rich vs Cheap: An IV Rank Checklist Before the Bell

1. Event ownership by expiry
2. IV rank vs the name's 1y window
3. Expected move vs last realized
4. Known guide (for MU: $50B ± $1B / $31 ± $1 — no tighter fiction)
5. Liquidity / wing width for your size

If four of five scream "event priced," short premium is a thesis — not a vibe.

If you want to rehearse the setup before you size it, paper-trade the scenario on Stock Picks.

Not financial advice. Verify claims independently.