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Last night Micron $MU's earnings report sent the storage sector $FIL soaring, and today in the crypto world, large Deribit options are settling, brothers keep a close watch. #EarningsObserver: Costco's performance exceeded expectations, Micron takes over 1. Micron's earnings last night: revenue more than tripled year-over-year, next quarter guidance directly at the $50 billion level, CEO said shortages will last until after 2027. After-hours, the storage chain collectively took off, Western Digital and SanDisk rose up to 10%. Today FIL's spirit is over in the US stock market. 2. The macro issue remains a thorn: the 10-year US Treasury yield hit around 5.2%, the highest since 2007, four Fed officials all hawkish, October rate hike probability around 67%. The summit ended, the trade truce only extended for two months, stable but no reconciliation, risk assets at best neutral to slightly warm. 3. Deribit's $BTC quarterly options expire today, with a notional value over $15 billion, max pain at 75-76k, after expiration hedging flows disappear, afternoon volatility will increase. On expiration day, no heavy new positions are opened, that's discipline.