MU

OIB Trade Alert: MU

I am recommending we close our Micron Technology (MU) put. This was a recovery trade where our patience truly paid off, allowing us to walk away with a small profit rather than book a large loss. It’s further proof that we should never abandon a successful company just because its stock takes a hit. Current…

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OIB Trade Alert: GM, MU

General Motors’ (GM) recent run-up is allowing us to book a profit on our shares. Let’s exit the position now, and we will start fresh by selling a put on this core stock soon. I am also recommending we roll our Micron Technology (MU) put to a higher strike while keeping the expiration date the…

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OIB Trade Alert: MU

I am recommending we roll our Micron Technology (MU) put out two weeks to generate more income and reduce our net debit on the position. Current Stock Price: $89.78 Net Debit: $2.23 Action: Buy to close the MU Dec Week Four (12/23) 87 Put for around $0.13 Sell to open the MU Jan Week One…

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OIB Trade Alert: MRVL, MU

I am recommending we close our Marvell Technology (MRVL) and Micron Technology (MU) puts. We’re sitting on a tidy profit in MRVL and I’d rather not risk holding through this afternoon’s expiration. Micron is scheduled to report earnings on Monday. I do not want to hold shares through the announcement. We will re-enter the position…

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OIB Trade Alert: MRVL, MU

Let’s book fast profits on core stock Marvell Technology (MRVL). I am also recommending we roll our Micron Technology (MU) put. This is a recovery position, and the income we generate from rolling will turn our net debit into cash in hand. MRVL Dec Week Two (12/10) 85 Put Current Stock Price: $91.52 Cash in…

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OIB Trade Alert: MU

Micron Technology (MU) continues to power higher, so I am once again recommending we roll our put to a higher strike to collect more income. The premium we generate will reduce our net debit on the position as we work our way toward breakeven. Current Stock Price: $88.51 Net Debit: $1.47 Action: Buy to close…

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OIB Trade Alert: GM, MU

I am recommending we roll our General Motors (GM) and Micron Technology (MU) puts to higher strikes while keeping the expiration date the same. The income we generate will reduce our net debit on these positions. With GM, we will flip our net debit to cash in hand. If you are not currently in a…

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OIB Trade Alert: GM, MU, PFE

I am recommending we roll our General Motors (GM), Micron Technology (MU) and Pfizer (PFE) puts out two weeks, as trading will be light next week due to the Thanksgiving holiday. The income we generate will reduce our net debits on these recovery positions. Note that we are rolling the PFE put to a significantly…

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