I now have a base of trading the Big 3, so I am starting to add options to the mix.
On the 9th very near the open I bought an Oct20 39call for 1.52. Just closed it out for 2.70, so profit 1.18. MU was selling for 39.80 when I bought the call so profit = 1.18/39.80=3.0%.
Better to use options rather than using cash I don't have, all tied up in other stuff.
MU shares also gained 41.38-39.80=1.58 for 4.0%. So total gain of 7% in 3 days.
Sold covered call Oct 20 41.5 for .92. See where this one goes. Got 2%+ protection to downside and potential gain of .12+.92=1.04/2.5%% if stock moves up just .12. Clearly I am expecting MU to move down or stay flat for a while.
Woring on other option plans also.
Trade the Charts and not the Heart - Expect the trend to
continue until it doesn't - Realtime is the real deal