TradingView
cashcow04
7 Jun 2016 pukul 02.44

Short Micron $MU Singkat

Micron Technology, Inc.NASDAQ

Huraian

Micron has proven time and time again that it will fail after a run-up. I don't think this time is any different, even if they were the recipient of a couple of upgrades from Wall Street. Semiconductors are still a commodity, with margins being squeezed everyday. Stock ran up over the past 2-3 weeks due to 'potential' of X Y and Z in the 2nd half of the year. I guess the earnings on 6/23 will tell part of the story. But in the meantime, i'm betting on a pullback to at least the 23.6% Fibo at $12.32. In weekly $23 Puts for $0.41. Looking for ~12.20ish for a 100% gain.

Komen

Sold my weekly puts for $0.75. Entry was $0.41. Nice 82% gain. Onto the next one.
Lebih