Micron Technology (MU)

[birdguy]

I decided awhile back that I was trading to often. In the past I would today cover my 54 CC for 7 cents (last time I looked) and sell the 52 CC that expire tomorrow for about a net 40 cent gain. It seemed that about half the time in this situation I would get caught with the price going over my strike tomorrow causing me to do a trade out to next week. I then lose the gain from this trade. Obviously I prefer to sell CCs when I am more confident about where the stock is going and to do that I should wait till nest week.

Now I will instead let my 54s expire tomorrow (presumably, I suppose 98% correct) and then next week look to sell a new CC. I may miss out on a small amount from the additional trade but will have a lot fewer headaches and fewer trades.