Micron Technology (MU)

[JLS]

I'm impressed!

I was expecting a lot worse this morning. My strategy seems to be a lot better than I thought. I'm impressed that MU is higher today on a red day for the rest of the market after yesterday's downgrade of MU by UBS followed by Cramer's ignorant remarks about a technology he has absolutely no understanding of.

Since I sold Puts on MU twice earlier this week, the fact that I had to close the last sale several minutes ago by buying back Puts resulted in a total loss for the week (instead of a gain) of only 0.49% of the total underlying asset value. Without all this drama yesterday I would have had a gain of 2.34% by the end of today.

So I'm going to continue with this strategy next week but I need the rest of today and the weekend to recover.