Micron Technology (MU)

[JLS]

Semiconductor Index down 0.79%,

but MU is up 3.7%! Weeeeeeeee!!!

Not too long ago I covered the CCs I sold yesterday.

Initially, early this morning, MU was red and I was just going to wait and see if I should spread the Calls higher but wanted to get coffee from the kitchen first. Came back and BOING! MU had totally recovered and was green by quite a bit.

So now the situation is I'm still long MU stock and I lost all the gains from selling Calls on Monday as well as all the CC gains of last week.

Real tempting right now, near market close, to sell higher Calls but decided to wait till tomorrow. Should be able to get back some of last week's CC gains but decided to wait till tomorrow morning. If MU wants to keep climbing, I'll leave the CC business alone till late Friday.