MU Breaking out
MU is breaking out after double top and a retest of the prior swing low. MACD crossing is also a positive sign that a run higher is imminent. The strong performance today looks even better given that other stocks in the same sector were smashed on the ER results of LRCX (which i feel was unjustified).
I purchased May 25th 52.50 calls, and a run to the 60 range before May 22nd earnings is entirely possible and would result in over 100% profit
I purchased May 25th 52.50 calls, and a run to the 60 range before May 22nd earnings is entirely possible and would result in over 100% profit
Note
I messed the earning date up. either way I am still happy with my option position. Good thing I don't have to do this for a living ;)Note
no follow through on poor ER out of Taiwan Semi. Very disappointing.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.