Micron Technology (MU)

[JLS]

MU traded much higher than expected.

But it finally reversed today and for a very short time traded below $39.

Still thinking: Perhaps trade below $38 ... but by the end of the week and not the middle (noon today).

My reasoning is that MU should stay within the fork I posted earlier. That means that MU can still easily trade lower for a period of time and still end the year considerably higher.

The $38 Calls I sold expire this Friday. I can't tell yet whether or not the shares could be assigned (close >= 38) on Friday. If they could be assigned, I can't tell yet whether or not I'll allow that to happen.

There are advantages to allowing my shares to be assigned: I can sell nearby weekly Puts against MU to create income while waiting to be put back into the stock at a lower price (then continue with my normal process of selling Calls against my shares).