Jul 142014
 

– BUY CALENDAR MU 100 (Weeklys) AUG5 14/JUL4 14 33 PUT @.90
MU just got done with earnings and I gave the stock some time to settle down. The market popped and I’m looking at the stock to go sideways for a while or drop off a bit. As volatility increases the values go up on the position.  The IV rank is at 4% so after some time when that rank gets up above the 30% range then the options value should be kicking some butt.

 

7/24/14 – SELL CALENDAR MU 100 AUG1 14/JUL4 14 33 PUT @.22
Rolled into next weekly option. Not feeling to good about this trade. Micron is probably going to rip higher.

7/30/14 – SELL CALENDAR MU 100 AUG2 14/AUG1 14 33 PUT @.33
Rolled it!  Not looking to shabby.

8/13/14 – SELL CALENDAR MU 100 AUG4 14/AUG 14 33 PUT @.17 LMT
Rolled!

8/18/14 – SELL CALENDAR MU 100 AUG5 14/AUG4 14 33 PUT @.17
Closed the trade for a tiny profit of $.05. Enough to cover the commissions.

DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!

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