Let the Chips Fall

Micron stock chart

h/t stockcharts.com

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.

Best regards,

Steve

Your Daily Bit of Wall Street Wit & Wisdom

Nadal

Nadal winning in Rome h/t Matteo Ciambelli, Reuters

“You work mentally when you go on the court every day.  You don’t complain when you play bad, when you have problems, when you have pains.  You put the right attitude, the right face.  You are not negative about all the issues that happened…You go on court every day with the passion to keep practicing.  That’s the mental work, no?

That’s something that I did during all my career, not being frustrating (sic) when things are not going well, not being too negative.  That’s why I was able to always have the chance to be back.

Here we are, important title, important moment.  Now is the moment to keep going.”
— Rafael Nadal

Your Daily Bit of Wall Street Wit & Wisdom

chaos

Chaos, h/t thenewstack.io

“Our soul is a vast panorama.  There is room for so much in us at the same time: Love and treachery, faith and faithlessness, adoration of one person and longing for another, or for several others.  We try to bring order into ourselves as best we can, but this order is, after all, something artificial.  Our natural state is chaos.”
— Arthur Schnitzler

This quote can be descriptive of economic data and markets.  Grasping their chaotic nature can help in wading through information overflow to get to the heart of the matter.

Enjoy the rest of your weekend!

Best regards,

Steve