Updated

MU Pre-earnings run up

Repeating the same pattern it always does before it pops pre-earnings.

Go long if it stays green today and the market doesn't tank, lol. Dump before earnings because guidance might suck.

Trade active

Buying calls here, I think NDX is bottomed out for the day

Note

Aside from market movement MU trades with the DRAM index because it reflects both demand and margins (price being a huge factor obviously).

DRAM index heading up since mid AUgust, feels like I got a bargain on this market dip. Note how MU went down but didn't tank with $NDX.

dramexchange.com/

Note

Also, a rising DRAM index means they will have good guidance as well.

Trade closed manually

LOLOLOLOLOLOLOLOLOL

DUmped my calls here for a healthy profit, still holding a few shares in 401k. I guess the target is $58, lol.

Only reason why I dumped my calls is because I don;t think it makes another move until Wed. If it dips tomorrow, I'll re-enter at a higher strike.

If you bought stock, I'd just ride it out to at least $51.

Note

Darn it, I missed the opportunity to roll back into calls this morning. Was too busy flipping my puts.

Congrats if you got back in on the discount.

Order cancelled

DRAM index looks like it's going to roll over, so staying out of this. If chip prices start to trend down again, the GS upgrade gap will close quickly.

Keep an eye on the DRAM index before you touch this stock in either direction.

hungry_hippo

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hungry_hippo