Micron Technology (MU) is running up today. Let’s close our put now, booking an excellent short-term profit.
If you entered a good ‘til canceled (GTC) order to close at $0.15, it should have triggered. If it has not, please exit now.
Current Stock Price: $91.59
Cash in Hand: $0.70
Action: Buy to close the MU Mar Week One (3/4) 83 Put
Current Stock Price: $0.14-$0.15
Recommended Limit: Set your initial credit limit at $0.15, but adjust as needed to roll today
Profit: $0.55, or $55 per contract
Rate of Return: 0.7% in two days, or 121% on an annualized basis