Zoom in- trade now risk free and much unrealized profit existing call options and shares as well as new call options for 2026. Explosive high tight ull flag printed. Expecting consolidation with equilibrium between new greedy chasers and longs taking profit and shorts looking at downside profits. Holding all positions. No adds all have trailing stop losses to protect risk-on large positions.
Trade active
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MU sideways today but with some up and down range in the middle of it. Trade plan after the weekend consolidation for the upcoming week with Friday closed:
Add 10% to the position on Monday after the opening bell. Sell 25% at the morning high on Thursday. Deploy profits into another IT stock on Thursday afternoon from cash balance while awaiting settlement. Under consideration, are Unity, Texas Instruments, PANW, and ANET. One criterion will be a stock that is at least 10% below ATH which narrows things down quickly.
Comment
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Monster Monday price action. Sold a piece at the top = took another piece in the NY lunch hour
@jagosto4110, you're welcome. Good luck in your trading!
imranms2009
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what is short term target
AwesomeAvani
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@imranms2009, Short term is maybe two weeks ? I am looking at $ 120 . past ATH in blue sky flying high it will take quite a bit to drag it down. a lot of fuel ( volume) and some investors tired of NVDA. Time will tell. the returns on my MU call options have been obscene- i will admit they are more than 10X since last fall. I take some off and put some back on a regular basis watching the weekly chart. I salute MU for building a new chip plant in New York.
jimbob2
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@AwesomeAvani This seems a lot more interesting. I'm still holding very few intel. I would like this stock at 100usd to buy at. Regards.
AwesomeAvani
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@jimbob2, Yeah I am a dip buyer myself. These AI plays are strong and the dips are bought up quickly with algos running off servers. Hard to get the entries. I am content with joining the trend continuation. setting a relatively tight ATR stop loss and hoping for the best. Looking at Unity Software which appears to be reversing from downgoing. Cannot figure out why it sold off after a big earnings beat. It is a chance to get a new trend early instead of chasing, which I agree is often a mediocre strategy. If it drops to $100 I will double up everything. I am up mid five figures on MU since buying options near the first of the year. Yet unrealized. My call options for July have a 25% stop loss on them so a pullback of 5% or more will trigger them. They are up more than 10x but happy to let them run. $100 share price will close them out. In the shadows, I hurt for bargains. Unity is under consideration. Another is a blast from the past Texas Instruments, perhaps a sleeper ready to wake up.
AwesomeAvani
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@jimbob2, Yeah I would l like that also but have no expectations that it will happen in the short-term. Besides I have a large unrealized profit in this play and am protecting it with a tight stop loss as well as a couple of put options at 125 for hedging / insurance.
jimbob2
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Excellent. Thanks for that. I will do a boring limit order when possible.
AwesomeAvani
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@jimbob2, see also my private idea on INTC might be in your comfort zone and not a buy in the heavy overbought area that is sometimes a bit chaotic
AwesomeAvani
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@imranms2009, As you probably know- MU hit the target I quoted this morning. New target will be set. Partial taken. Loading more.