Options Hotline Update, FYI: +140% in 2 months on Micron puts
This morning, financial news was blaring about continued US/China trade tensions pressing Tech stocks to the downside. The move lower in Micron reached our $33 price target (see 03-24-19 Options Hotline) and our readers received an email Profit Alert that we would consider the position closed.
The Micron July $40 put, triggered 03-25-19 at $3.00, traded 05-23-19 at $7.20, +140% in just under 2 months, with an always known and strictly limited risk!
That’s the Superleverage power of our method on display.
You can see on my daily candlestick chart of Micron (MU) above, subsequent to our recommendation MU had a quick decline and rebound. Shares then settled into a consolidation, before breaking down, over the past few weeks, to our objective.
Over the years I’ve found that patience tends to pay. If this type of options action is for you, subscribe to Options Hotline today.
Let me know if you have any questions. My email never sleeps.