Friday, July 14, 2017 2:39:50 PM
That's 3-wks away and currently trading at $0.85.
If MU continues higher early next week and pushes that $32.50 strike to $1+, then I will pull the trigger to sell 70 CCs. MU at that point will be at the top of its current fork channel (middle tine) and that could easily be a reversal level.
The chart below is 2-days old but it shows a short horizontal green line at the previous two closing highs at $32.50. That's my target for selling Calls but it has to get there quickly so that I get the desired premium of $1+.
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