Micron (MU) dipped down $2.50 at the open and I couldn’t find any bad news other than the NASDAQ being down to cause a drop like this. Not only is MU down but the entire chip maker sector is down. Today the chip gear maker are doing well on some of their big boys doing well with earnings. I’m hoping, and believe, MU being down will be short lived. I would like to see MU getting above $53 or $53.50 so I can get a Call sold with a premium of over 1%.
Buy 1000 Shares MU @ $52.50
I’m still away in Wisconsin and didn’t get my “Week Ending Results” done yet, but I will get it done today. I had a very nice week with a locked-in gain of over $5000. Watch for that post.
Steve
The Options Coach
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