I risked $2500 on MU calls to make possibly $20,000+ swing

Michael Esther
03-21

500%-1000% $Micron Technology(MU)$ earnings winner up for tomorrow.

“We believe Micron is one of the biggest beneficiaries in the semiconductor industry of the multi-year opportunity enabled by AI…”

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I risked $2500 on MU calls to make possibly $20,000+ swing.

My options will go from $5.35 to $23.50+ and I have 10 contracts.

Here's what you don't see :

We are patient and focused on our entries.

I had to sell MU position twice. I got stopped out twice.

We always try to keep our losses at minimum or really tiny.

Risk Management and preservation of capital is key. Alway actively manage your trade.

Notice I also had $S&P 500(.SPX)$ calls for March 22 $517 which I got stopped out on because risk management has to be 1st.

Later I added $Micron Technology(MU)$ calls at the bottom again and then swung it.

You can go to the chart and see MU gave a really good entry later during the day ended up ripping into close.

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