Recently I purchased a fairly small amount of puts (options) against micron. I strike price is around $33 and expiring in January of 2019. This gives enough time for Micron to continue its drop in price, china tensions, tarrifs, chinese stock buy backs , and increased operating costs are all part of the reason why Micron, along with AMD , and Nvidia, will see slowed growth, possibly even negative earnings in the future. When large tech companies slow down the supply chain with ordering new products (amazon, apple, microsoft, data centers) this creates bottlenecks within the supply chain. Happy trading :)
@bilalqadry, enjoy your calls :) everything is so overvalued if you think this is just a pullback and you are waiting for moon , you couldn't be more wrong my friend
CryptoCrusader
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@bilalqadry, I looked at your profile, you honestly think micron will go towards 70 bucks by mid November, not only are you just butt hurt on your loss and trying to shill my post, but you're straight up delusional with you analysis
briangordon
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Drawing a line from the peak before the dot-com crash is asinine...