New Trade! Hello Smart Option Sellers! I know this is coming a bit later in the day, but I can't always control when the trade gets triggered. Micron Technology (MU) We're going to take advantage of this minor pull-back not only in the overall market, but in MU itself. MU released earnings last week and the stock initially rallied about $4 per share, but has since given it all back. I'm a big believer in the semiconductor/technology space in which MU resides. Their specialty lies in the memory sector as it manufactures and sells these components to various companies involved in cloud and storage computing. Here's MU's current chart. Since earnings were just released, we now have a solid three months to sit on this play without any major news (hopefully) to affect the stock price in any major way. That is one of the best environments for a put-seller - a dearth of market-moving news. Why? Because the longer a stock sits and goes nowhere (or up), the faster we can make profits. So, let's jump on this play; Here's what you can choose to do: Sell (sell-to-open) the MU July 19, 2019 $25 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Currently, this put option has a market of $.24 bid/$.26 offer, so let's see if we can get filled on this one. If it doesn't happen right away, just keep your order working "GTC". Do not sell for anything less than $.25 per contract. That's all for now. Continue to hold all other open positions as-is. Contact me here with fills, comments, questions or concerns. Have a great weekend! Regards,
Lee Let's Grab That Cash!