Option Strategies: MU
Hello everyone! Today I want to share some option strategies with you!
$Micron Technology(MU)$ has earnings on Wednesday after market close. We're looking at an optionselling Strangle play on it. March 22 expiration, 77p & 129c strikes.
- 200EMA at the 77 level
- Multiple rejections at the 97 level
- Expected move at ~9%
- Probability of Profit pegged at 88% for the 77p/129c short strikes (strikes positioned outside the expected move range)
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- Omega88·03-20niceLikeReport