Micron “Buy-Write”

As soon as I hit send on my last post which was selling a Call on RH I was executed on a “Buy-Write” on Micron (MU). I had an order in to buy 2000 shares of MU for $28.80 and sell a Covered Call for 25¢. I was executed on the entire “Buy-Write.” This trade is a Covered Call so it gets a Risk Factor 1. Here’s the “Buy-Write order:

 

“Buy-Write”

Buy 2000 Shares MU @ $28.80

Sell to Open 20 MU 5/19/17 $29 C @ 25¢ (+$500)

 

Steve

The Options Coach

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