Micron Offering Possible 7.3% Return Over the Next 9 Calendar Days

Micron's most recent trend suggests a bullish bias. One trading opportunity on Micron is a Bull Put Spread using a strike $24.50 short put and a strike $19.50 long put offers a potential 7.3% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $24.50 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock dropped below the $19.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Micron is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Micron is bullish.

The RSI indicator is at 73.09 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Micron

Micron's Name Emerges in Cisco Memory Flap
Fri, 14 Feb 2014 00:03:42 GMT
The Wall Street Journal – Cisco Systems on Wednesday announced a $655 million charge to compensate customers for selling them networking hardware whose memory chips may fail under certain circumstances. It wouldn't name the supplier, …

Klarman’s Baupost Sells Off Oracle While Trimming Micron
Thu, 13 Feb 2014 22:31:28 GMT
Bloomberg – Baupost Group LLC, the Boston-based hedge-fund firm run by Seth Klarman, sold its stake in Oracle Corp. (ORCL) and trimmed its holdings of Micron Technology Inc. (MU) in the fourth quarter. Baupost sold 2.4 million shares of Redwood City, California-based Oracle, according to a regulatory filing today with the U.S. Securities and Exchange Commission. More from Bloomberg.com: Comcast Agrees to Buy Time Warner Cable for $45.2 Billion Klarman sold 12.3 million shares of Micron, the Boise, Idaho-based semiconductor maker.

Near-Term Catalysts For Micron
Wed, 12 Feb 2014 22:58:15 GMT

MICRON TECHNOLOGY INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial
Wed, 12 Feb 2014 21:12:27 GMT

Micron: About Memory Prices, Both Spot And Contract
Wed, 12 Feb 2014 20:34:37 GMT
Seeking Alpha – Yesterday morning DigiTimes published an article, the content of which was attributed to DRAMeXchange, suggesting that mobile DRAM prices had declined 5-10% in January. My first comment is that the credibility …

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