Bought to close MU 7/1 expiration $15 strike calls
Bought 14 contracts of MU 7/1 15 strike calls at $0.04. This closes the short position originally entered on 6/23 at $0.21. Total return less commission was $219.55. Return per share after commission was $0.16.
Following the Brexit vote, Micron fell from a closing level of $14.06 on Thursday last week to $12.23, yesterday. It’s recovering today, and the earnings release is coming up on Thursday after the market. Also, this position has really accomplished everything it was meant to do. This was a small “extra dividend”.