mster
16:38

$MU 20261016 1080.0 CALL$ I opened this MU call contract right before last week's earnings, and the stock beautifully gapped up over 10% the next day on a stellar report. I queued to sell to close near the day's high, but the price drifted lower after midday and missed my exit. Expecting the upward momentum to resume, I decided to hold through Friday's slide. Then Monday threw a wrench in the plan—bad news regarding a DRAM ETF class action lawsuit surfaced, dragging the trade into the red. Fortunately, the price rebounded today, and I immediately closed it for a smaller profit rather than holding through a drawn-out legal case. While it's still a win, walking away with just 20% of what was on the table is a sharp reminder of how quickly things can turn.
MU CALL
06-30 00:52
US20261016 1080.0
SidePriceRealized P&L
Sell
Close
255.00+8.51%
Closed
Micron Technology
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  • flixzy
    ·17:22
    I set a hard stop on my MU calls too. Legal headline risk kills clean earnings trades fast
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