Sold to open MU 7/1 expiration $15 strike calls

action

Sold short 14 contracts of MU 7/1 expiration $15 strike calls at $0.21. Total proceeds after commission are $275.51, or $0.197/share.

strategy

I am long Micron (MU) since February 2016 with a blended purchase price of $10.69/sh. $15 would be a short-term target that I don’t think MU could reach without at least dropping back below, afterwards. Basically I am looking for some premium.

June 23, 2016 at 3:10pm · MU · sell to open · options


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