MU

Income Masters Trade Alert: MU

Let’s roll our Micron Technology (MU) call out one week to generate more income and reduce our cost basis on the position. Current Stock Price: $56.06 Cost Basis $68.26/$64.81 Action: Buy to close the MU Nov Week Two (11/11) 58 Call for around $0.42 Sell to open the MU Nov Monthly (11/18) 58 Call for…

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Income Masters Trade Alert: AMAT, MU

I am recommending we roll our Applied Materials (AMAT) and Micron Technology (MU) calls out two weeks and to higher strike prices following the rally in the underlying stocks. AMAT Oct Week Four (10/28) 82 Call Current Stock Price: $89.60 Cost Basis: $93.50 Action: Buy to close the AMAT Oct Week Four (10/28) 82 Call…

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Income Masters Trade Alert: AMAT, MU

I am recommending we roll our Applied Materials (AMAT) and Micron Technology (MU) calls out one week and to higher strike prices. This will allow us to capture more potential appreciation and generate some income to reduce our cost basis on the positions. AMAT Oct Monthly (10/21) 80 Call Current Stock Price: $80.80 Cost Basis:…

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Income Masters Trade Alert: MU

The protective put we purchased on Micron Technology (MU) is on track to expire worthless. We will simply watch it do so. Note: No action is needed on the MU Oct Week Two (10/14) 55 Call at this time. Cost Basis $66.04/$69.49 Action: Watch the MU Oct Week One (10/7) 50 Put expire worthless

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Income Masters Trade Alert: MU

Micron Technology (MU) is scheduled to announce earnings tomorrow. I am recommending we roll our call out two weeks and to a lower strike price to generate more income. The income we generate will help to offset the cost of purchasing a protective put to hedge against a post-earnings sell-off. If the stock drops sharply…

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Income Masters Trade Alert: MU

Semiconductor stocks were hit in the second half of August on concerns about how a potential recession will impact demand from the automotive and industrial end markets in addition to consumer electronics. I believe these fears are overblown. The world will always need more chips, and Micron Technology (MU) and other chip companies are significantly…

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Income Masters Trade Alert: MU

Micron Technology (MU) has been hit by the sell-off in tech stocks, and our call is well out of the money. Let’s roll it out one week and to a lower strike price to generate more income and reduce our cost basis on the position. Current Stock Price: $58.03 Net Debit: $67.18/$70.63 Action: Buy to…

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