MU calls

Long MU via $43 calls for Mar16.

Beautiful hourly candle here, so I'm initiating a call position. The daily (posted below) is setting up for some sort of move.

3x $43 Mar16 calls for $2.33.

- 55 delta
- Max Risk: $699
- Stop Loss: Price at $42.20 or options decay 60%
- Target: Price at $48. I will sell 1-2 calls if we get a move right away to $45-45.50ish area.

Trade active:

I have hit my first target area, thus I'm taking some off the table here. Instead of taking off 1/2 my position, I've decided to take all 3 calls off and just roll into one singular $43 call in Apr exp. I thought that this would give a bit more time for this to bias to work out. I rolled for a $4.75 credit, locking in $216 of profit.

long Apr20 $43 call: 62 delta

I've almost moved my stop up to $42.75 on the position, trying to limit any losses.

Trade active:

Good strength today on MU again. the 130m candle showed some good strength after retesting, so I'm entering into another call to add to the position.

Apr 20 $45 call for $3.40
Delta: 54
Max loss: $340
Stop loss: Price at $43.75

Trade active:

Closed 1/2 the position Friday on the strong up move.

Closed the $43 call at $5.40 db, locking in a few more gains. Still holding my 45 strike call until $48 is hit as a target price.

Trade closed manually:

MU came just short of my target of $48. The R:R left seems to not be favorable for now ($48 is also some resistance), so I'll take my profits and wait and see.

Closed $45 call at $4.80.

Profits: Mar16 $43 calls - $216
Apr20 $43 call - $104
Apr20 $45 call - $140

$460 total profits.