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JLS

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Alias Born 12/14/2004

JLS

Re: None

Monday, 09/25/2017 4:39:15 PM

Monday, September 25, 2017 4:39:15 PM

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No worries.

During June of 2016, MU sold off 13% on the 3rd and 4th day before earnings. $SPX sold off on the same two days, by 5.34%. MU was having losses during those days but they still erased most of the sell-off on the day after earnings release.

Today MU sold off by only 3.4%. MU has earnings and is expected to beat and guide higher. I think this sell-off will be erased after earnings release tomorrow.

I already own shares (free of Covering Calls). So I purchased Sep 29, $36 Calls for $1.02. Today, MU closed just below $35.
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Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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