MU (Micron Technology) — Covered Call Roll
I rolled my existing MU covered call out to the October 2 $975 call, collecting a $9.13 net credit per share, or $913 for the contract.
Why I Made the Trade
I liked the opportunity to collect another substantial premium while also moving my strike price higher.
My previous call had a $965 strike, so this roll increased my potential sale price by $10 per share, or $1,000 on my 100 shares, if the stock is eventually called away.
At the same time, I collected another $913 in option premium.
That’s a combination I like: additional premium while giving the stock more room to appreciate.
I’m still comfortable with either outcome. I’m happy to continue owning MU, and I’m also comfortable selling the shares at $975 if they’re eventually called away.
Execution Parameters: I was comfortable making this trade around the price 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.
Important Disclaimer: This is a record of my actual trade and actual fill, not a trade instruction or signal.