Out of My MU Calls

I bought 2 contracts of Micron (MU) Calls on 3/8/24, 2 weeks ago. Today MU popped and I just jumped out of these calls. With Micron at $99.25 I bought 2 contracts of the MU 6/21/24 $100 Calls for a premium of $9.50. A little while ago I sold these 2 Calls. I might have sold a little early, because I still have 92 days until expiration, but I love to take profit. Plenty of times I didn’t take profit and the stock pulled back. I sold my 2 MU Calls for $13.70.

 

3/8/24 – Buy to Open 2 MU 6/21/24 $100.00 C @ $9.50

3/21/24 – Sell to Close 2 MU 6/21/24 $100.00 C @ $13.70  

Profit +$840

 

I bought these Calls for a premium of $9.50 and sold them for $13.70. This is a profit of $4.20. On the 2 contracts that’s a profit of $840.

With the premium at $9.50 I invested $1900 for the 2 contracts. Selling for $13.70 I took out $2740. That is a 44% Return on Investment (ROI).

I did not yet send out my results for last week. Hopefully I’ll get to it today but the basketball games are starting so it might be hard lol. I love basketball, and I love March Madness. But maybe I’m in no hurry to get my report out because I lost $140.

Any questions on today’s trade send me an email.

 

Successful trading,

Steve

The Options Coach