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OIB Trade Alert: MU

Our Micron Technology (MU) put is on track to expire worthless. We will simply watch it do so. I plan to continue with this recovery trade by selling a put to reduce our net debit. However, the company is expected to report earnings on Tuesday. So, we will wait until after the announcement to enter…

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OIB Trade Alert: BAC, GM

I am recommending we roll our Bank of America (BAC) and General Motors (GM) puts. These are recovery positions, and the income we generate from rolling will reduce our net debits as we work our way toward breakeven. BAC Sep Week Four (9/24) 41 Put Current Stock Price: $41.43 Net Debit: $0.37 Action: Buy to…

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