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Micron Technology

Opened (Margin): MU January 21st 69/97.5 Short Strangle

157
... for a 2.22 credit.

Comments: Earnings announcement volatility contraction play with rank/implied at 79/59. 2.22 credit on buying power effect of 8.07 (on margin); 27.5% at max as a function of buying power effect; 13.8% at 50% max.

Will look to take profit at 50% max; manage sides on approaching worthless/side test.

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