Thursday, November 02, 2017 4:23:46 PM
Can’t complain too much about that.
I like to sell Covered Calls to supplement what a trending stock can do on its own, but since the last earnings report and wave of positive articles, my CCs aren’t adding anything but trade commissions and small losses as I keep having to roll the Calls out and up just prior to expiration day (because I decided to keep the stock). An alternative I seriously considered a couple weeks ago (and ultimately decided against) was to allow assignment then commence selling Puts (and I wouldn’t mind if the stock was Put back in my possession), and in that way my small cumulative losses from each Call roll out could be reclaimed in a couple trades.
With MU’s strength, I need a new strategy. Now I’m going to assume that MU trades relatively flat from here for a number of days, just below the fifth tine and in the same manner that it traded below the fourth tine for about three weeks. So today I bought-to-close (BTC) the last Calls I sold. Done that a few times. Then I’m assuming a 5-prong fork and that price will continue to ignore the bottom two tines. That’s more bullish than the last time as I thought that 4 tines was all that the MU market could handle.
The other thing I’m doing differently is selling Calls out one week instead two. If that goes well, by respecting the top three tines, I should be able to compensate for the small cumulative Call losses from all those previous roll-outs.
Recent MU News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/23/2024 11:58:05 PM
- Lingering Rate Uncertainty May Lead To Choppy Trading On Wall Street • IH Market News • 05/21/2024 01:14:26 PM
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- Nasdaq Reaches New Record Closing High But Dow Gives Back Ground • IH Market News • 05/20/2024 08:26:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 11:03:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/16/2024 11:03:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 11:00:53 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/14/2024 09:12:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 11:07:31 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/13/2024 08:15:42 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/10/2024 09:08:30 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/10/2024 08:47:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 11:00:40 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/09/2024 10:09:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 11:01:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 08:38:05 PM
- Micron Technology Announces Upcoming Investor Events • GlobeNewswire Inc. • 05/07/2024 08:01:00 PM
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- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/06/2024 08:04:50 PM
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- Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News • IH Market News • 04/18/2024 11:11:52 AM
- Micron First to Production of 200+ Layer QLC NAND in Client and Data Center • GlobeNewswire Inc. • 04/16/2024 01:02:00 PM
- Micron’s Full Suite of Automotive-Grade Solutions Qualified for Qualcomm Automotive Platforms to Power AI in Vehicles • GlobeNewswire Inc. • 04/10/2024 06:00:00 AM
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
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North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
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Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM