MU trade ideas
Micron Technology, great upside for this quarterThe Post-earning announcement drift is pointing upward for $MU.
AMD Sympathy Play?MU crossed the 20 day MA within the Bollinger Bands, and it looks like it has some room to run if we can break 50.21.
MACD signal line also gives us an indication we may have an opportunity to buy.
Possible entry point ~48 or ~50.
$MU GOING UPMicron is looking good here, closed above the 10 EMA, which is above the 50 and 200 ema as well. My other indicators are showing upward trend. Gain is blow the ATR and that is good. Closed lower than open which isn't that great.
$MU Micron reversal Trade after a 10% slump post earnings the stock may offer a reversal trade
opportunity, having filled the Sept gap.
All major MA's are now resistance to consider.
$50.00 would be a potential target to downtrend.
Smile for MU....but you'll have to grin and BEAR it.Micron is forecasting the strange things to occur in the market as we move thru the election. Looks like a contested election with a bottom around Nov. 23. But while this stock will be under pressure the SP500 should zoom up until Oct. 23 and then plateau or double top to the election and then after the election fall until the Nov. 23 date.
MU Earning Flop/Bearish Pennant ActiveNASDAQ:MU was short 11 cents on its earnings, was downgraded by several groups and began to selloff yesterday, activating bearish pennant with extremely high volume. Earlier in August their CFO stated that the future of memory chips doesn't look good (www.bloomberg.com) and it caused a 9.54% drop from the day's open over the course of a week. After reaching oversold levels on RSI the stock rallied. My target price for is MU is 10% from Wednesday's opening price- roughly 44.05 though I would like to see a break below 46.65 before taking a position. If MU continues to sell my next target would be 41.14
MU intraday trade ideaAfter Micron´s earnings, price is trading near a huge support (47,80), if we see in the daily chart at this level we can find the 50 MA and 20 MA for that reason we think that MU can hold that level and we can target around 49,5
MICRON-SELLING WITH THE TRENDWe see bullish exhaustion and we recomend to sell MU with the down trend!
MU- The StratOne I'm currently in.
Three things Im cautions about: Inside week, inside hour, time continuity
Saham Syarikat MUMU
Micron Technology, Inc.
Technology | Semiconductors | USA
MU adalah kod bagi syarikat Micron Technology Inc yang diperbuat dari segi sektor teknologi.
Mengikut pemerhatian gelombang sahlun tentang saham ini adalah uptrend dalam tempoh 1 bulan lepas.
Dari segi kriteria syariah setakat hari ini, saham ini adalah Patuh Syariah.
PENAFIAN SAHLUN: Maklumat dan penerangan sebarang senarai saham, derivatif, komoditi, matawang kripto, bon , sukuk atau sebagainya yang dinyatakan adalah sebagai tujuan pendidikan semata-mata dan bukanlah saranan pembelian mahupun penjualan. Segala liabiliti risiko dagangan adalah diatas tanggungan sendiri. Anda hendaklah mendapatkan rujukan dan nasihat dari pakar dan konsultan bertauliah.
$MU Micron Bullish reversal Into earnings
Very bullish reversal today off the 50 &20ma's before closing above the 200MA.
RSI in very bullish uptrend.
Nice rise in volume today.
$50.00 is strong resistance with the downtrend also in play.
Has been a mixed bag into earnings in the past and can also surprise to the upside.
Well worth a entry pre earnings with $48 as s/l
MU has a big testMU's next target is $53. With wave 5 being completed in the SPY, we are out of the ABC correction. The market is now back in the hands of the bulls, so if $53 can be broken, I'm looking at $55.50 as the next target.
Symmetric Triangle Earnings 9/29MU was trading in an ABC pattern and has broken up from a falling wedge
Has morphed in to a symmetrical triangle
49.10 is long entry level with a clear uptrend in place
Gap under price that looks to be filling by a candle tail
NV is fading a bit. Short interest low
Possible stop under 42
Earnings 9/29
Not a recoomendation
MU Micron Technology will continue the uptrendMU Micron Technology will continue going up after finding support on the 200 sma that was lining up with the 0.618 fib level which was also lining up with the 3/1 gannfan line and a major support level to the left. It made a double bot and an overall higher low structure.
MU will continue going up until the 1.618 fib level (58.13) which is the 2/1 gannfan line, aswell as a major resistance area
THE WEEK AHEAD: MU, BBBY EARNINGS; XOP, GDXJ, SLV, EWZ, KRE, XLEEARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS:
MU (27/57/10.8%)*, announces Tuesday after market close.
BBBY (32/105/20.2%), announcement Thursday before market open.
Pictured here is an MU October 16th 44/55 short strangle, paying 1.52 as of Friday's close (.76 at 50% max).
For those of a defined risk bent: the MU October 16th 40/45/52.5/57.5 iron condor was paying 1.74 at the mid as of Friday's close, (.87 at 50% max).
For BBBY, I'd probably go short straddle, skinny short strangle, or skinny iron condor with the October 16th 14/15 skinny short strangle paying 2.46 as of Friday's close (.62 at 25% max), and the October 16th 10/14/15/19 4-wide paying 2.02 (.51 at 25% max) with risk one to make one metrics.
OPTIONS LIQUID EXCHANGE-TRADED FUNDS SCREENED FOR >35% 30-DAY IMPLIED AND RANKED BY PERCENTAGE THE NOVEMBER (56 DAY'S) AT-THE-MONEY SHORT STRADDLE IS PAYING AS A FUNCTION OF STOCK PRICE:
XOP (16/54/17.8%)
GDX (22/54/17.0%)
SLV (39/48/14.4%)
EWZ (19/44/14.1%)
GDX (21/43/14.1%)
XLE (26/41/13.5%)
SMH (24/40/11.3%)
BROAD MARKET:
QQQ (33/34/10.9%)
IWM (31/34/10.6%)
SPY (21/26/8.3%)
EFA (22/24/7.1%)
DIVIDEND GENERATORS FOR THE IRA SCREENED FOR THOSE WHERE THE NOVEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING >10% OF STOCK PRICE:
SLV (39/48/14.4%)**
EWZ (19/44/14.1%)
KRE (27/44/14.2%)
XLE (26/41/13.5%)
MUSINGS:
With the major binary event of the year approaching (U.S. general elections), I'll be attempting to resist the urge to trade in the margin account and will flatten that completely running into the October monthly expiry. The intent was to wind that account up prior to year end, so now is as good a time as any.
With retirement approaching, my medium to long-term focus will be turning to IRA trades in a cash secured environment, with the focus on exchange-traded-funds with dividends and the general go-to strategy being short put, acquisition, and covering, resorting to highly liquid single name only in the event that sector and broad market volatility totally dry up. I'll continue to grind on those broad market/exchange-traded fund trades through the election as long as volatility hangs in there, naturally keeping some powder dry in the event that a high volatility event presents itself. This basic approach has worked well over the years, and I see no particular reason to change it now, even though it has zero sexiness and can be slow going, particularly if you're not the patient type.
My current stock positions are in SPY (covered call), TLT (covered call), IYR (covered call), and EFA (covered call). In addition, I've got short puts or short put ladders deployed in QQQ, IWM, SPY, SLV, EWZ, KRE, XLE, GLD, and HYG.
Previously, I was hesitant to dump my stock positions or allow them to be called away due to their paying dividends, but may change my tune, particularly with SPY, where the dividend is a paltry 1.76% relative to what the 30-day 2 x expected move short put is paying currently. Naturally, what a given option will pay will depend on where the implied volatility is at the given moment, but here the 2 x expected move short put nearest 30 days is the October 26th 305, paying 2.60 or .86% ROC at max (10.32% annualized).
The basic question is whether it's generally worth it to hang out in shares when you don't have to, even if you're getting a little extra something something if you've covered.*** Short puts, after all, make money regardless of whether the stock goes up or sideways and can even make money if the market goes down, assuming that your break even isn't broken; stock only makes money if it goes up. Short puts can be rolled to reduce cost basis further; once you're in stock, you're married to the position.
I guess I'm trying to talk myself into allowing my shares to be called away ... . :-)
* -- The first metric is the implied volatility rank (i.e., where 30-day implied is relative to where it's been over the past 52 weeks); the second, 30-day implied volatility; and the third, the percentage the October at-the-money short straddle is paying as a function of stock price.
** -- Neither SLV nor GLD pay a dividend.
*** -- The 2 x expected move short call nearest 30 days is the October 26th 346, paying 1.56 or 18.72 annualized, which also far exceeds what you'll receive in SPY dividends on an annual basis (currently 5.681/share or $568.10 per year for a one lot).
MU showing great strength MU broke upwards from the could and showing incredible strength. First resistance to be cleared is $52.17 (R2 Fib Pivot). Next stop is at $55.66 (R3 Fib Pivot).
