Micron Technology (MU)

[JLS]

MU vs $SPX,

When MU was trading in the low teens I did buy-writes on MU all the time. I stopped doing that in mid-2016, then decided to accumulate more shares in early 2017, but I always use covered Call buy-writes to do that and only on dips to support levels.

I sold Jul 7'17 $31 and $31.50 Calls on all shares early Friday morning. What happens next depends on what happens next. If the larger market should continue dropping, I don't doubt that MU would follow and I would continue selling weekly Calls (and repurchase any shares assigned).