Wednesday, March 22, 2017 5:28:51 PM
Riding Coattails
MU reports tomorrow and I expect a beat, so I'm Long both shares and Calls.
I also own WDC as part of a Buy-Write, which also participates in the memory market but in a broader way which isn't necessarily an advantage because the two main memory categories compete with each other in some markets, and will compete even more in the future.
Thinking about that off and on for hours, I decided that I'm over-thinking the problem. There's a point in knowledge when less is often better than more. With that, I decided to buy WDC Calls because I think it will benefit from the beat I expect from MU.
Bought WDC Mar 31 '17 $77.50 Calls for $0.44.
As for MU, I think the fork lives on.
MU reports tomorrow and I expect a beat, so I'm Long both shares and Calls.
I also own WDC as part of a Buy-Write, which also participates in the memory market but in a broader way which isn't necessarily an advantage because the two main memory categories compete with each other in some markets, and will compete even more in the future.
Thinking about that off and on for hours, I decided that I'm over-thinking the problem. There's a point in knowledge when less is often better than more. With that, I decided to buy WDC Calls because I think it will benefit from the beat I expect from MU.
Bought WDC Mar 31 '17 $77.50 Calls for $0.44.
As for MU, I think the fork lives on.
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