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Micron Technology (MU) Trading Near $44.04 Resistance Level

Feb 09, 2018 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center are highlighting two trades on Micron Technology (<a href="">MU</a>) today after it closed at $40 on Feb 8, 2018. For more conservative investors, look at a covered call using the Apr 20, 2018 $37 call for a net debit of about $34.64. This trade will return 6.78% (35.36% annualized, for comparison purposes only) as long as the stock closes above $37 at expiration. Micron TechnologyAcan fall 13.37% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $3 call taking the place of the long stock position and the same short position in the Apr 20, 2018 $37 call. This trade only costs about $32.64 to get into and the rate of return increases to 4.13% (35.36% annualized, for comparison purposes only) but the downside protection falls to 10.87%.

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