Micron Technologys Overbought Status: A Bearish Trade OpportunityMicron Technologys stock is currently trading at a premium, ninety-six percent above its two hundred-day moving average, indicating a potential pullback. A popular bearish strategy is the Bear Put spread, which involves buying a February twentieth put option with a two hundred seventy dollar strike price and selling a two hundred forty dollar put. This trade, costing around ten dollars and ten cents per contract, caps the maximum risk at one thousand ten dollars with a potential profit of one thousand nine hundred ninety dollars if Micron falls below two hundred forty dollars by expiration. Despite Microns strong run, the technicals suggest a correction is imminent. The breakeven point is two hundred fifty-nine dollars and ninety cents, with a stop loss set at fifty percent of the premium. This trade idea is for educational purposes only, and its recommended to do your own research and consult a financial advisor before investing. Checkout Solipillow.com

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