Buy Alert: January 23, 2015

| January 23, 2015

Buy Alert:  January 23, 2014


Trade Details

Buy Micron Technology (MU) February 21st 31 Calls for $1.10 or better (lower)



The semiconductor industry is showing signs of life after being in the doldrums for most of last year. MU is in a good spot because its technology is increasingly being used in low-end smartphones. The low-end smartphone market is growing rapidly, especially in China, and it should help put MU on the fast track to revenue growth.

We’re going to buy February options. Conservative investors can take profits at $32.50. Aggressive investors can hold up to $35.00. For risk control, conservative traders should exit at $28, while more aggressive traders can hold down to $26.


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Category: OTW Buy Alerts