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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 a trade.

Current Stock Price: $74.29

Net Debit: $7.27

Action: Watch MU Sep Week Four (9/24) 72 Put expire worthless

Potential Rate of Return: I am targeting breakeven for this position

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