MU Breaking out
Updated
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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