I rolled my September 16 $965 call out to the September 18 $965 call.

Net credit: $5.70 per share ($570)

I kept the $965 strike and extended the position by two days while collecting additional premium.

MU was showing relative strength today despite an otherwise down market, and I liked the opportunity to collect another $5.70 per share for extending the position just two days.

I didn't feel a need to wait until Wednesday's expiration simply because that was the original expiration date. The opportunity was available today, so I took it.

I'm still comfortable with either outcome: continuing to own MU or having the shares called away at $965.

I was comfortable making this trade around the prices shown above. If the stock or option has moved materially by the time you receive this alert, I would not chase it. The economics may be different from the trade I made.

This is a record of my actual trade and actual fill, not a trade instruction or signal.

The prices reported in Options Income Journal are my actual execution prices.

For current trade alerts, stock and option prices can move materially between the time I execute a trade and the time an alert reaches you.

If the economics of a trade have changed, do not chase my reported fill. Options Income Journal documents the trades I make in my own account; these are not trade instructions or signals.

Options Income Journal is provided for educational and informational purposes only. Nothing published here should be considered individualized investment, financial, tax, or legal advice, or a recommendation to buy or sell any security or option. Options involve risk and are not appropriate for every investor. You are responsible for evaluating whether any investment or options strategy is appropriate for your own circumstances.