I have MU shares, MUU shares, and January 2027 850 and 950 calls.
MU dropped 32% after earnings in March despite blowing our earnings.
I’m selling the most of my MUU position Monday or Tuesday. They are too risky to hold.
I may trim 2 to 4 January 950 calls because if the stock drops to 900 post earnings it will wipe out the 42% gain I have in it.
With options, it’s better to spend more for the longer timeframe and be deeper in the money. The option will move exactly like the underlying restocking.
Bad news event? Like a release date delay?
15th of Jan '27 sounds good honestly and $213 is a solid price point after the local dip in late March.
FOMO is definitely a driver through the numbers and beyond if they are good. I suppose if they aren't good then that would be crazy, but I honestly can't see a world where that happens. It's been meme'd about for years. Lots of people have been waiting so long and its relevance in pop culture steadily grew.
I honestly think its a great bet. Did you huy on the run up after March, or on the other local dip beginning of June?
Also curious, what kind of trades do you generally prefer/go after.
Guys, it's all my fault. I bought calls on oil last week and caused the peace deal. This week I sold all those calls for a loss, causing the strait to be closed again