Micron Technology (MU)

[JLS]

MU weekly options trade ...

MU shares were assigned on Friday to close a CC trade. Wanted to enter another Short Put trade for this week but market response this morning appeared to say that another CC trade should be entered for this week. So this morning I repurchased shares at an average cost of %51.79 then sold Friday's $52 Calls at an average of $0.95 each.

Last Friday was the end of the fourth contiguous week of selling CCs and Short Puts. The average weekly return over that period was $1.02/sh in one account and $1.09/sh in another account. The week wherein I sold Puts was bungled a bit, so I could use more practice selling those.

Based on current return of $1+ per week, and with MU currently trading near $52, continuing this investment style for an entire year could produce a 100% non-compounded gain for the year.