Micron Technology (MU) stock is now close to fair value, as ****** ysts have been raising their revenue forecasts and price targets. One of the best plays now is to sell short out-of-the-money puts, given their very high premiums. For example, short 2 weeks out MU puts with 5% below today's price yield 7.0%.
MU closed down 1.4% on Friday, June 12, at $981.61. That's off its recent peak of $1,079.57 on June 3, but could be the quiet before the storm. Micron is expected to release its fiscal earnings on June 24.
Options Action: Naked Put Trade Ideas for June 15th
ConocoPhillips Has Attractive Short-Put Yields over 1% for the Next Month
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MU closed down 1.4% on Friday, June 12, at $981.61. That's off its recent peak of $1,079.57 on June 3, but could be the quiet before the storm. Micron is expected to release its fiscal earnings on June 24.
Options Action: Naked Put Trade Ideas for June 15th
ConocoPhillips Has Attractive Short-Put Yields over 1% for the Next Month
Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!
5 months ago
