Profit Previous Month: 574.00 USD - Profit Current Month: Jan 2025 : 219.00 USD - Updated 17/20/25 - Details in Trade Report
New MU position
I need to add more theta this week to my portfolio with a slight short delta.
Today I am adding a short strangle in MU, 40P-60C, exp date 18 Nov, receiving $1.43. This trades adds $5 daily decay and has a Beta weighted (SPY) delta of -2,25.
MU was up 3,75% to a stock price of 52. There is no earnings call before december.
It is my belief that the market will stay neutral to bearish, I think this position will be a good addition to reach my portfolio goals. I am looking to close this position at 50%Max profit and to keep this position short delta.
Any thoughts? let me know