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