In spite of the not-so-good news coming tomorrow, there may be a small technical relief to up the markets. MU might benefit. Playing along, thanks @CryptoFundManager!
@CryptoFundManager, Thanks. Quite red is the day, today; waiting for earnings, will sell tomorrow.
TopgOptions
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@CBIchiban, the idea is to close the trade before the earnings, as long as the premium is higher and you can make a profit regardless of the results. or at least to sell some of the calls.
simbha
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This stock is over played by manipulators in both directions. During recession times, it will trade around 10 times the Forward PE. Assuming 4$ PE for 2023(50% cut due to recession, and DRAM price dips), this can drop to 38~40$ ie 38.2% level .
TopgOptions
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@simbha, the calls are profitable if you close the trade now.