I bought a put vertical in MU today with 50 long and 47 short strikes for a debit of 1.11 which risks that to make 2.89. I think the market has discounted the China tariff trade war too easily and need some negative deltas in my account. This is a short term trade with more of a scalping mentality and contradicts the covered call I have in UCTT
. The risk/reward on the call credit spread did not seem optimal and with news and such even if only volatility
increases, I should be able to close for a scratch. Will manage this one as quickly as possible (25%) will be fine.