Semiconductor stocks have been battered and bruised this year on overblown demand fears amid a slowing economy, and Micron Technology (MU) has been unduly penalized with the sector. The cyclical downtrend in chips will end – it always does — and a new bullish cycle will begin. But when that will happen is clouded by…
The chip sector continues to advance, and our Micron Technology (MU) call is deep in the money. I am recommending we roll it out to the December monthly expiration and up to a higher strike price to avoid being called out of shares. While we will need to spend some cash to do so, we…
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…
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…
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:…
I am recommending we roll our Apple (AAPL), Applied Materials (AMAT) and Micron Technology (MU) calls out one week to generate more income and decrease our cost basis on the positions. With AAPL and AMAT, we are also reducing the strike price of the calls. AAPL Oct Week Two (10/14) 155 Call Current Stock Price:…
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
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…
I am recommending we roll our Apple (AAPL), Moderna (MRNA) and Micron Technology (MU) calls out two weeks to generate more income and reduce our cost basis on the positions. With MRNA and MU, we will be lowering our strike prices in return for large chunks of cash. AAPL Sep Monthly (9/16) 160 Call Current…
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…
