Trading MU - Bullish for Earnings Week
On Monday I will be opening a Call position for Micron Technology.
Details:
-Strike Price: $142
-Exp Date: July 5, 2024
Why:
-MU will be release earnings on June 26th (AH) and I am very optimistic about it
-Last week’s sell-off was as necessary as it was temporary, giving me a discount on those calls
My targets:
-MU target price: $150 (currently at $140.04)
-Target return on Calls: 50% - 150%
-Stop Loss: 30%
Details:
-Strike Price: $142
-Exp Date: July 5, 2024
Why:
-MU will be release earnings on June 26th (AH) and I am very optimistic about it
-Last week’s sell-off was as necessary as it was temporary, giving me a discount on those calls
My targets:
-MU target price: $150 (currently at $140.04)
-Target return on Calls: 50% - 150%
-Stop Loss: 30%
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