Micron Technology (MU)

[somanymike]

Funny you should post this. I have just begun selling covered calls and MU was my first choice! Bought at 50.46 and sold a 52 covered call @ .66 for Friday. Rolled it up and out today to 52.50 for next week and if things don't change and I take no action it will likely get assigned.

As I said, I'm just learning but even if I let it get assigned, I'm not unhappy with my first covered call. All told, breaks down to 49.32 entry, with an assignment at 52.50 and a locked in profit of over 3$/share, or I keep my shares and the money from the call sells. The only down side is I'm giving up any additional profits should it run, but as an overall strategy, I'm good with that.

My apologies if this is off topic or inappropriate for the board, just a little excited about my first covered call and trying to learn all I can.