Micron Technology Inc. (MU) continues to recover with the rest of the tech sector and rose 1.63% yesterday to break out to a new high.
As I indicated in yesterday’s Bull Market Alert, we’d be taking some profits when we got over the 50%+ gains hump.
With your July $25 calls (MU140719C00025000) up 60.20%, sell half of your options here to lock in some solid gains. Hold on to the rest for potentially bigger gains ahead.
Move your stop price in the stock up to $26.10 to lock in at least a 10% gain in the Micron stock as well.
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