Option Strategies: MU& SNDK
Trade Idea: July 24 1200P
Trigger: 1350 β
Targets: 1250, 1200 π―
Stop: 1400 π
SNDK has pulled back from 2354 to 1325 since June 22nd.
If SNDK fails to hold 1277 it can flush down to 1065, 1000 in the next few weeks.
If SNDK can reclaim 1500 I would start looking at calls again for a bounce to 1600, 1660.
Puts can work under 1350 this upcoming week.
Trade Idea: July 24 700P
Trigger: 821 β
Targets: 734, 700 π―
Stop: 851 π
MU dropped from 1255 to 804 since June 25th.
If MU gives up 821 this upcoming week it can pull back to 778, 734, 700 next.
It's possible we see a flush back to 651 before a bottom forms.
The price action is still not bullish yet.
Puts can work under 821 this week.
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