MU is down roughly 4.5% today, with some heightened IV. I'm selling the $28.5 puts here for $.54, or about 1.89% ROC. This offers $2.25 theta in 24 days, possibly higher if we reach 50+% earlier.
This play allows MU to drop around 5.5-6% before we're being tested.
Same process, sell puts, assignment, sell calls.
This play allows MU to drop around 5.5-6% before we're being tested.
Same process, sell puts, assignment, sell calls.
Trade closed: target reached:
Covered today for 45% win, filled @ $.29.