Put sale on MU for February normal expiry?
MU opened and closed below its 100 day SMA on the daily time frame. I can definitely see some more downside down to $39 and maybe even the 200 day SMA on the daily time frame, which is also the 50 day EMA on the weekly time frame.
Weekly chart:
Considering a $37 Feb put sale for a limit of $0.40 or better. I wouldn't mind owning shares in MU :-)
Weekly chart:
Considering a $37 Feb put sale for a limit of $0.40 or better. I wouldn't mind owning shares in MU :-)
Trade ist aktiv:
Sold the Feb $36 put today for $0.45.
Kommentar:
Still holding for about 50% profit. Should have closed yesterday for $0.05. If we are slightly bullish tomorrow, I will look to take the risk off the table.