Micron's run has been nothing short of miraculous. The stock has surged 50 percent in 2018 and more than 130 percent over the last year.
Investors should prepare for some bigger swings from the stock when it reports earnings on Thursday, says Susquehanna derivative strategist Stacey Gilbert.
Some extra volatility and risk are being priced into this quarter, said Gilbert. Here's what she said investors should look out for.
Bottom line: Volatility could rise after Micron reports earnings, but trading activity suggests investors remain bullish.