Sweet 16 Option Trades

The Options Trader’s Guide to Technical Analysis

#12 MU April 10 Calls

By Michael Shulman, ChangeWave Shorts

The NCAA tournament is about the underdogs — the 15th seed beating the 2nd seed or the game-winning jump shot from a real student who will never
wear a professional uniform.

One underdog stock to watch is Micron Technology (MU), which manufactures
specialty memory chips, and niche parts of the memory business are humming in 2010. Micron is not a great company, but it is a stock with declining
short interest that is sitting on a rising tide — semiconductors are hot and money is flowing even to lesser names.

The company sells at just 10-12 times earnings, and it is scheduled to report earnings April 1. I think they will surprise people, so my pick is
the MU April 10 Calls (MU    100417C00010000).

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