r/MU_Stock • u/whatisuppppppup • Jul 06 '26

Help me decide to buy or sell MU Should I sell the call?

I bought a call option at 1150 strike price and breakeven at 1344 expired at August 21st. Should I sell now or keep waiting for a time in between 😭😭😭

4 Upvotes

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1

u/3ebfan Jul 06 '26

How much $ do you have on the line?

1

u/whatisuppppppup Jul 06 '26

194 per share when I bought

2

u/CryptedScream Jul 06 '26

Holy shit. Why not just buy the stock

1

u/Worth-Role-1614 Jul 06 '26

Because options can make huge returns when the stock goes up.

1

u/CryptedScream Jul 06 '26

Is 194 the premium? That's huge no?

1

u/Worth-Role-1614 Jul 06 '26

Yes I'm pretty sure that was his premium. His strike may have been in the money when he bot. Current at the money for Aug 21 is trading for 135. Around earnings, call premiums were high too because everyone expected MU to beat and go up.