When did this happen? I had CNBC on all the time. Unless I had gotten up a few minutes. I'm sick of him. Every word that comes out of his mouth is eaten up by all the fools.
Don't hold me reponsible for advice, but I would see tomorrow, and depending on if an up or down day, decide if I should sell or wait for expiration. You should have sold at the high today of 25.13 - why didn't you? Don't be greedy, especially when so many of us told you this will expire at 24.50 or 25.00. You had the perfect opportunity to get the best price we've had for ages.
I confirmed with Micron. First week of April and they should know the exact day "very soon" and post it on the Investor Relations portion of their website.
Sorry, ccchris. I couldn't recollect correctly who said it, apparently, and it takes time to go through the posts to find it. But on Tuesday, someone posted it, sounding definitive that it was in April.
A number of sources say March 20. One based it on figuring from past dates. Now, I believe it was cchris who said it is in April. MU keeps this secret until they want to let the public know.
The word is "seems". With a snake like Putin, you could wake up and find troops have taken over the Ukraine, probably not tomorrow, but a week, 2, or 4 is a real possibility.
Wrong reasoning. MU's gone down when the technicals were fine and the news was fine. It can slap you in the face in one day.
Codi, also think about this. If you want to own more stock, but want it for less, sell Puts that are lower than selling price, naturally, and go as low as possible in strike price. However, if it is a put a week or month away, you'll get a very modest amount. Let's say you get .10 for a Put one month away at a strike price that is $2 less. If you can afford enough and want enough shares, it might be worth selling them (remember commission fees average .75 per contract (100 shares). However, if the stock slides lower than the strike price, you screw yourself because you'll pay, let's say $24 and the stock is now $20. You'll have lost $1.90 per share, because you'll have to pay $24 a share and take possession of the stock.
If you go further out in months, you'll get more money, but who knows what the future brings? By the way of expiration, the stock could be up or down. So, it is a hard strategy to play.
You play this if you are very bullish on the stock. But with a stock like MU, just look at the historical prices since last year, month by month, and you'll get an idea of what possible risks you might incur.
Exactly, Codi. No one knows. It will be either 25 or 24.50. If you own 25 Calls, they will only get exercised at 25.05 or greater. There will be option expirations where somehow they'll get it right at 25, in which case neither the Calls or Puts get exercised and expire worthless.
Codi, options are used many ways. They are either sold or bought, they can be part of a multi-leg complex option. There are reasons to want to sell or buy the option back, and no one knows but the holder.
As Mike & Kay said, the prices are pushed around by the big boy manipulators by being Long Puts & Short Calls. They run their computer trading programs based on this information. Just look all day at the stock on option expiration, and you'll see the gravitation to a strike price.
Slobbering, venomous sicko. Continue to show what a vicious, nasty trainwreck you are. You're obsessed with harassing me, so I'll return the favor, every time.
dunce? You're the total idiot that knows nothing. Stick it, profane moron.
Yes, and a tornado will come and sweep you away, hopefully, along with your sarcastic foolishness.
Does anyone see through clear eyes here? Apparently, not. Wake up, because this week could turn into stock market nightmare. If you can't see it beyond your rose-colored glasses, you need to reevaluate.
No, more like pumper articles from Seeking Alpha, and the weirdness of a stock that goes up when everything goes down, and vice versa - not all the time, but too much to leave one with any comfort.