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