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JLS

Followers 62
Posts 7863
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Alias Born 12/14/2004

JLS

Re: Duma post# 1750

Wednesday, 10/25/2017 4:25:23 PM

Wednesday, October 25, 2017 4:25:23 PM

Post# of 3666
I only thought about selling shares.

Thought it was a bad idea.

But why not sell the closest Calls (time- and money-wise), which could even be ITM, and dare the market to take the shares? If they do take them, there's extra income to buy them back on Monday and sell Calls again for the next Friday.

Or, if one doesn't want to buy them back right away, just hold the cash and sell MU Puts at a price near current trade on Monday. At that point, whether or not one is put shares after the following Friday's close, the trader is ahead by two options trades.

I have no doubt MU will be trading higher by the end of the year. I have no problem with accepting additional income by trading options around MU even if the shares get assigned once in a while -- it brings in additional income which smooths out the dips.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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