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OIB Trade Alert: MU, TWTR

I am recommending we roll our Micron Technology (MU) put and Twitter (TWTR) call.

MU Mar Week Four (3/26) 90 Put

Current Stock Price: $85.97

Cash in Hand: $1.82

Action:

  • Buy to close the MU Mar Week Four (3/26) 90 Put for around $4.25
  • Sell to open the MU Apr Week One (4/1) 90 Put for around $5.70
  • Set your initial credit limit at $1.45, but adjust as needed to roll today

New Cash in Hand: $3.27

Expiration: After the close on Thursday, April 1

Potential Rate of Return: 3.6% in 15 days, or 88% annualized, if this option expires worthless

TWTR Mar Week Four (3/26) 70 Call

Current Stock Price: $63.88

Cost Basis: $67.36

Action:

  • Buy to close the TWTR Mar Week Four (3/26) 70 Call for around $0.06
  • Sell to open the TWTR Apr Week One (4/1) 67.50 Call for around $0.56
  • Set your initial credit limit at $0.50, but adjust as needed to roll today

New Cost Basis: $66.86

Expiration: After the close on Thursday, April 1

Potential Rate of Return: 0.9% in 45 days, or 7% annualized, if shares are called away

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