MU

OIB Trade Alert: MRVL, MU

I am recommending we roll our Marvell Technology Group (MRVL) and Micron Technology (MU) calls down to reduce our cost basis on the positions. Note that we are keeping the expiration dates the same. MRVL May Week Two (5/14) 47 Call   Current Stock Price: $43.05 Cost Basis: $51.20 Action: Buy to close the MRVL…

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OIB Trade Alert: ICLN, MRVL, MU

We accepted shares of iShares Global Clean Energy ETF (ICLN), Marvell Technology Group (MRVL) and Micron Technology (MU) last week. I am recommending calls to sell against them to reduce our cost basis on the positions. Note that these recommendations are only for people who own shares of these stocks uncovered from previous recommendations. ICLN…

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OIB Trade Alert: MRVL, MU

I am recommending we roll our Marvell Technology Group (MRVL) and Micron Technology (MU) puts out one week to buy ourselves some time. The semiconductor sector has been hit by irrational concerns about chip shortages hurting revenue growth. Last time I checked, tight inventory meant higher selling prices and operating margins. So, I expect the…

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OIB Trade Alert: MU

I recommended closing our Micron Technology (MU) put earlier this week to avoid earnings risk. Now that the announcement is out and the stocks is moving higher, I am recommending a new put to reduce our net debit on the position. You can sell a put today even if you were not in the previous…

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OIB Trade Alert: MU, TWTR

Micron Technology (MU) is expected to announce earnings after the close today. Our put position is underwater, but I do not want to expose ourselves to earnings risk. Therefore, I am recommending we close the position now. We will incur a net debit that we will carry over when I recommend another put to sell…

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