Option Strategies: MU& SPY
Hello everyone! Today i want to share some option strategies with you!
1.
Well this is interesting ... based on historical public data, for all the FinTwit folks that keep pushing a "market is pumping because its projecting a Trump victory" ... the truth of the matter is that if you want the broader stock market to have the highest return, then you actually want a democratic president with a divided government (house vs senate). $SPDR S&P 500 ETF Trust(SPY)$
2.
Revisiting the $Micron Technology(MU)$ trade ... we got bottom level pegged at 84 and a small gap at 96. If you are wanting to write premium, then the 84-96 range is a solid range to target (assuming you are good with assignment).
We would probably target the lower strikes in that range if just trying to capture premium and not get assigned shares. Price in current area could be setting up for a directional flip depending on who wins the presidency.
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