Micron (MU) Offering Possible 28.21% Return Over the Next 38 Calendar Days

Micron's most recent trend suggests a bearish bias. One trading opportunity on Micron is a Bear Call Spread using a strike $29.00 short call and a strike $34.00 long call offers a potential 28.21% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $29.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock rose above the $34.00 long call strike price.

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

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

The RSI indicator is at 33.47 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

How the bulls are playing Micron
Wed, 15 Oct 2014 17:49:16 GMT
optionMONSTER – Micron Technology has been swept lower along with the broader market, and now the bulls are looking for a limited rebound. optionMONSTER's Heat Seeker monitoring program detected the purchase of 15,000 …

Will This Ratings Upgrade Have a Positive Affect on Micron Technology (MU) Stock Today?
Wed, 15 Oct 2014 13:34:00 GMT
TheStreet – Micron Technology (MU) was upgraded to ‘overweight' from ‘neutral' at JPMorgan.

Tuesday’s Notable Options Activity: SPY & VIX Dominate Flows
Wed, 15 Oct 2014 12:09:32 GMT

Tech Today: Intel Reprieves Chips, Apple Estimates Up, Cheers for BABA
Tue, 14 Oct 2014 22:03:00 GMT

Intel Report, Comments Lift Semis; Linear Tech Slips
Tue, 14 Oct 2014 21:31:00 GMT
Barrons.com – Following reports this afternoon by chip makers Intel (INTC) and Linear Technology (LLTC), chip stocks rose in late trading, perhaps somewhat relieved after two days of selling following a warning last …

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