Advertisement
New Zealand markets open in 3 hours 5 minutes
  • NZX 50

    11,835.02
    +118.58 (+1.01%)
     
  • NZD/USD

    0.6081
    -0.0042 (-0.69%)
     
  • ALL ORDS

    8,022.90
    -54.00 (-0.67%)
     
  • OIL

    80.81
    -0.02 (-0.02%)
     
  • GOLD

    2,310.40
    -20.40 (-0.88%)
     

Here's An Option Trade On Micron Before Earnings For A Quick Profit

Here's An Option Trade On Micron Before Earnings For A Quick Profit

Micron Technology stock is set to report earnings on June 26 after the closing bell and the options market is pricing in an 13.1% move in either direction. Today, we're looking at selling a cash secured put to take advantage of the high implied volatility around the earnings announcement. It's important that anyone selling puts understands that they may be assigned 100 shares at the strike price.