Mike Khouw breaks down the launch of MUYY, a single-option income ETF on Micron Technology (MU) that generates weekly income through covered call spreads. He notes an implied move of about $81 ahead of earnings, with JPMorgan expecting a beat and raise, and Micron trading under 7x forward earnings with revenue up 10x since 2023 and options volume rivaling Nvidia (NVDA) and Tesla (TSLA). He also weighs AI demand sustainability and gross margins near 80% that could draw competition in 18 to 24 months.