Call Options on MU on 3/12/2018

Bullish Cup & Handle on MUMicron Technology, Inc. (MU) provides semiconductor systems worldwide.

The company operates through four segments: Compute and Networking Business Unit, Storage Business Unit, Mobile Business Unit, and Embedded Business Unit.

It offers DDR3 and DDR4 DRAM products for computers, servers, networking devices, communications equipment, consumer electronics, automotive, and industrial applications; mobile low-power DRAM products for smartphones, tablets, automotive, laptop computers, and other mobile consumer device applications; DDR2 and DDR DRAM, GDDR5 and GDDR5X DRAM, SDRAM, and RLDRAM products for networking devices, servers, consumer electronics, communications equipment, computer peripherals, automotive and industrial applications, and computer memory upgrades; and hybrid memory cube semiconductor memory devices for use in networking and computing applications.

The company also provides NAND Flash products, which are electrically re-writeable, non-volatile semiconductor memory devices; client solid-state drives (SSDs) for notebooks, desktops, workstations, and other consumer applications; enterprise SSDs for server and storage applications; managed multi-chip package products; digital media products, including flash memory cards and JumpDrive products under the Lexar brand name.

In addition, it manufactures products that are sold under other brand names; and resells flash memory products that are purchased from other NAND Flash suppliers. Further, the company provides 3D XPoint memory products; and NOR Flash, which are electrically re-writeable and semiconductor memory devices for automotive, industrial, connected home, and consumer applications.

It markets its products to original equipment manufacturers and retailers through its internal sales force, independent sales representatives, and distributors; and through a Web-based customer direct sales channel, and channel and distribution partners.

Shares are setting up a bullish "cup and handle" and higher share prices are expectd for this stock.

We will trade April 20th Call options

 

52-Weesk Tradng Range: $24.94 - $55.83

Last Trade: $54.59

Trade

  • Buy 1 April $55.00 Call at $3.50
  • For a net debit of $3.50

Profit/Loss Analysis

  • Breakeven at $58.50
  • Maximum profit is unbounded
  • Maximum loss is ($350.00) at strike of $55.00

Closing Summary

  • Sold 1 April $55.00 Call at $0.00

Position closed on 4/20/2018 at price of $0.00 with a -100.00% loss in 39 days.

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