Should head to $22 if numbers look good, earnings have been increasing but it got slammed with all of the other chip stocks.
Feb $19 calls on open, will add more at the end of the day if the market tanks.
Keeping the play small, the market melt up is over. Options premium are low on this one, but there's no liquidity. I suppose you can buy the stock and hold for a while, should head back up to $27 eventually.
Feb $19 calls on open, will add more at the end of the day if the market tanks.
Keeping the play small, the market melt up is over. Options premium are low on this one, but there's no liquidity. I suppose you can buy the stock and hold for a while, should head back up to $27 eventually.
Comment:
LOL, already there. Wish I loaded the boat. Any up movement on earnings is all profit...
I think there will be more attention on this stock than usual since the market is pumping chip stocks. Good luck.
I think there will be more attention on this stock than usual since the market is pumping chip stocks. Good luck.
Comment:
I need to start paying more attention to chip stocks, the volatility is fun. They all move up and down based on peer earnings, today was CY. Up 10% barely exceeding last year's revenue, now sitting around 7%. They're not even trading with the market at all.
ON is next on tap, then we're looking at SWKS and MCHP Tuesday afternoon. SWKS is probably gonna suck, so I might cash out before Tuesday close.
Threw some MU in my 401k this morning as well. Didn't load the boat though, not really sure if MU has bottomed out. Either way, it's a longer term trade. It'll eventually hit $50, matter of when.
ON is next on tap, then we're looking at SWKS and MCHP Tuesday afternoon. SWKS is probably gonna suck, so I might cash out before Tuesday close.
Threw some MU in my 401k this morning as well. Didn't load the boat though, not really sure if MU has bottomed out. Either way, it's a longer term trade. It'll eventually hit $50, matter of when.
Comment:
Earnings reported AH, revenue in line, beat on profit. Guidance for next quarter is a little weak though.
Flat AH, 21k bid at $20.95. Looks like it needs some help from the market to get to my $22 target next week. Will not be gaping up from what I can see.
Flat AH, 21k bid at $20.95. Looks like it needs some help from the market to get to my $22 target next week. Will not be gaping up from what I can see.
Trade closed manually:
Took the morning gap up for a small profit. This isn't going anywhere without some help from the market.
Comment:
Guess I should've been patient and waited for my target, lol.
Today should've been a down day, all the other markets were down, but hey, jobs.