Earlier in the week MU ( Micron Tech) Generated a Money Flow Buy Signal.
You'll notice at the time of entry, i the trade met all my rules. Very Bullish PG, Above a L-T Chaikin MA, Positive Money Flow, Positive Relative Strength. and as a bonus the OB/OS oscillator was just rolling up out of OS. As an double bonus, MU also gave a Relative Strength Buy signal on the same day. I sold 3 of the APR 23 Puts for a credit of 1.16 (ea) Since selling the puts back on Tuesday, they've already decreased in value by 30% ( as of close 3/1) after the big rally post Trump speech.
You'll notice at the time of entry, i the trade met all my rules. Very Bullish PG, Above a L-T Chaikin MA, Positive Money Flow, Positive Relative Strength. and as a bonus the OB/OS oscillator was just rolling up out of OS. As an double bonus, MU also gave a Relative Strength Buy signal on the same day. I sold 3 of the APR 23 Puts for a credit of 1.16 (ea) Since selling the puts back on Tuesday, they've already decreased in value by 30% ( as of close 3/1) after the big rally post Trump speech.
Trading results to date using this plan:
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