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MU

THE WEEK AHEAD: IT'S EYEBALLS ON THE FEDUgh. Doing my weekly market review/screening and there is literally nothing high IVR/high IV to play ... . Nada ... . Zilch ... . One option is to sell puts in one of these "just high IV" underlyings: VRX: April 21st 11 goes for .56 AKS: April 21st 7 goes for .31 AMD: April 21st 13 goes for .66 WLL: April 21st 8 goes for .28 CLF April 21st 8 goes for .34 X: April 21st 32 goes for 1.25 These are all at or around the 30 delta ... . Those plays, however, are not my "favorite girls to dance with at the ball." For earnings, what little "quality" stuff is left to this season is still a few days out: FDX (IVR 92/IV 30) (3/21 AMC) GME (IVR 73/IV 46) (3/23 AMC) MU (IVR 76/IV 47) (3/23) VIX: For a "Term Structure" play,* the earliest expiry where the 50 delta strike is at 16 or greater and pays ~2.50/contract is June, and that's 101 DTE ... . Of course, we have that little Fed shindig going on next week. Implied volatility and the VIX can turn on a dime, but I've been waiting for VIX to turn on a dime for weeks ... .
TVC:VIX
by NaughtyPines
2
Short book: MU - Topped for now, short towards the 13 handleToday we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode'). We have some worrying bearish signals, so it's a good idea to have a market neutral position, picking stocks to short, while still looking for longs in undervalued companies. See related ideas for the rest of the trades we took. You may still be able to join them or wait for a secondary entry when/if we decide to add to them. Good luck, Ivan Labrie.
NASDAQ:MUShort
by IvanLabrie
MU: Micron offering a long term long opportunityI like the extended base that formed here, before confirming a weekly uptrend signal, according to 'Time at Mode'. For those not familiar with the technique, it allows you to read the order flow, track the accumulation and distribution, as well as understand and time the trends present on chart, to get optimal trade entries in any market. If you combine this powerful methodology, with fundamental analysis, market sentiment tracking, and reaction to news events, you can time entries with great precision. MU is offering a great weekly long trade here, potential is considerable for this stock, and I'm looking to capture the emerging uptrend I anticipate will take place from here onwards. Enter longs at market open, if we get a dip towards 10.50 or near that level, add to the position. Risk a drop to $10, for upside well over $14.30. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie.
NASDAQ:MULong
by IvanLabrie
8