I am recommending puts to sell on SPDR S&P Regional Banking ETF (KRE) and Micron Technology (MU). The income we generate will reduce our net debits on the positions.
You can enter today’s trades even if you were not in the previous ones. Just be aware that we will be tracking and managing them based on the ongoing positions.
Current Stock Price: $61.67
Net Debit: $0.92
Action: Sell to open the KRE Jun Week One (6/3) 60 Put for around $0.78, but adjust as needed to sell a put today
New Net Debit: $0.14
Note: No action is needed on the MU May Week Four (5/27) 71 Call at this time.
Current Stock Price: $69.20
Net Debit: $1.57
Action: Sell to open the MU May Week Four (5/27) 65 Put for around $0.46, but adjust as needed to sell a put today
New Net Debit: $1.11