Terra_Incognita
10-23
$Micron Technology(MU)$ MU: buying these shares in as part of short puts getting assigned.

Holding cost at $1000 so in paper loss of about 12%

I believe the price will recover but I've already have the risk defined long puts that will also be exercised and cancelled out this trade with some losses. 

Overall a losing trade and a risk defined one. Will be readjust trade next week once all these assignments are cleared up over the weekend. 
MU
10-23 13:09
USMicron Technology
SidePrice | FilledRealized P&L
Buy
Open
1,000.00
1,200
--
Closed
Micron Technology
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Comments

  • happyli
    10-24
    happyli
    1000 basis still feels salvageable if the memory cycle is near bottom. Capex guidance next earnings is probably the real signal here
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