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BpowersCLT
Jul 2, 2019 4:38 AM

$MU Calendar Spread Opportunity 

Micron Technology, Inc.NASDAQ

Description

MU just had earnings and traded way up again today. Right now I'm looking at this "congestion zone" that the stock had back in February - March of this year. I think that if MU keeps going that it might stall out here in this zone, and that might be a good opportunity to buy a Calendar spread on MU - a trade that takes advantage of increasing IV. I have had success buying calendars on MU in the past.
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