Tuesday, December 18, 2018 12:56:40 PM
Limits your risk. Try this Jan 18 Call spread ...
Buy Jan 18 $36 Calls for $1.77. Sell Jan 18 $39 Calls for $0.75. And you have to do that today. Your cost is $1.02 to potentially bring in $3 which is a good ratio and it also has a month to work and you have the January effect on your side. The triangle pattern also shows MU is making a low spread over two months, and there is a possible January effect in your favor and MU options are not now trading at a premium relative to its current volatility (given that earnings is coming up).
Prices changed by a few pennies while writing this, but you get the idea. Also, always look for that 3:1 ratio at a minimum -- improves your odds.
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