Tuesday, May 22, 2018

Trade of the day: MU

I was hoping to hold this longer, but had a bunch of MU calls expiring 6/22 at a strike of $49.  Last time MU rallied to $60+ before earnings and then tanked to $50 levels.  This time I have a bunch and they already made the move back to around $60.  What should I do?




With earnings over a month to go, I decided to sell and hope there will be a pullback later on in the month so I can pick up some more... though I think they will continue going up...




In any case, I am happy with a 65% return and will now focus my money to other companies.  I wish you happy investing and many blessings!