June 25, 2015 by Dan • Commentary

Event: Micron (MU) reports their fiscal Q3 results tonight after the close. The options market is implying a 6.25% one day move.  With the stock at $24 the June 26th (tomorrow expiration) 24 straddle (the …

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June 10, 2015 by Dan • Commentary

We have had our eye on MU in 2015. I last looked at it in mid May when the stock was $26.60 (read below). Despite some $50 billion in semiconductor m&a, and the Philadelphia Semiconductor …

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May 14, 2015 by Dan • Commentary

Last night on CNBC’s Fast Money we had a brief discussion about semiconductor stocks on the heels of Qualcomm’s (QCOM) $10 billion bond deal to fund its previously announced buyback. The feelings of the panelists were …

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April 24, 2015 by Dan • Commentary

We have made a couple bearish trades in the semiconductor space in the last couple months, MU (here) and INTC (here). The main reason for the bearish stance has been the waning momentum in a group that …

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April 1, 2015 by Dan • Commentary

Back in mid February, when shares of Micron (MU) were trading $31.75 we made a defined risk bearish trade (New Trade – $MU Shu Put) largely predicated on what we felt was a rotation out …

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