While semiconductor stocks like Taiwan Semiconductor Stock (TSM) are falling following Trump’s win, other semis are not and one of those is Micron Technology Stock (MU). I expect the stock will recover possibly to $120 or $125 by year-end but of course, that’s just a guess. It is just shy of 30% below its 52 week high of $153.45 made June 18.
Micron Technology Stock (MU)
TRADE SUMMARY: Credit Put Spread
Date: Wed Nov 6 2024
Equity: Micron Technology Stock (MU)
Approx Price At Entry: $110.90
Expiry: Nov 15 2024
Next Earnings: December 18 2024
Potential Profit: $442.00
Potential Return: 3.7%
Approx. Percent of Protection: 8.0%
TRADE DETAILS:
Short Puts: Sold 10 put contracts for Nov 15 2024 expiry at the $102.00 put strike for an average of $0.482 = $482.00
Long Puts: Bought 10 put contracts for Nov 15 2024 expiry at the $90.00 put strike for an average of $0.04 = ($40.00)
Spread Details: This forms a $12.00 credit put spread returning 3.7% earning $442.00 if held to expiry on Nov 15 2024
Buy To Close Early Offer: I am offering $0.20 to start and will reduce that amount as the trade moves toward expiry on Nov 15 2024
TRADE STATS:
Put Strike Sold: $102.00
Potential Profit: $442.00
Potential Return: 3.7%
Credit Put Spread Size $12.00
Approx. Percent Of Protection: 8.0%
Equity Would Have To Fall To Reach Short Put: $8.90
Capital In Use: $12,000.00
Disclaimer: No commissions are taken into account in these trades. Remember do your own due diligence. I am not a financial planner or advisor and have no financial accreditations. Nothing you read are recommendations. FullyInformed.com is for educational and entertainment purposes only.
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