After getting out of my Micron (MU) LEAP option and than selling the shares, I’m back in. I felt it might pull back a little, which it did go down to $39.36, so I decided to go back in. I just heard a report of a lot of unusual option activity and the stock moved up a little. It was back up to $39.85 so I went back in. A little sooner than I thought but I figured I don’t think the stock going down and staying down so I’m back in now. Also, because I have to leave my computer for a while. Maybe the rest of the day. I didn’t want to miss the boat. Today I got out at $40 and back in at $39.85.
Buy 1000 Shares MU @ $39.85
I’m probably done for the day. If MU goes up maybe I’ll get a Call sold tomorrow. Not a bad Monday!
Steve
The Options Coach