MU opened and closed below its 100 day SMA on the daily time frame. I can definitely see some more downside down to $39 and maybe even the 200 day SMA on the daily time frame, which is also the 50 day EMA on the weekly time frame.
Weekly chart:
Considering a $37 Feb put sale for a limit of $0.40 or better. I wouldn't mind owning shares in MU :-)
Weekly chart:
Considering a $37 Feb put sale for a limit of $0.40 or better. I wouldn't mind owning shares in MU :-)
Trade active
Sold the Feb $36 put today for $0.45.Note
Still holding for about 50% profit. Should have closed yesterday for $0.05. If we are slightly bullish tomorrow, I will look to take the risk off the table.
Buy higher and sell higher, and manage your risk to make more than you lose!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Buy higher and sell higher, and manage your risk to make more than you lose!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.