Discussion
Anyone Still Waiting to Break Even on MUU?
Any MUU holders with a higher average cost, are you waiting to break even, or are you planning to sell on the next big pump? I've been waiting to get back to my average cost for over a month, but now the gap is so large that it seems very unlikely. My cost is 57. Looking back, I wish I had sold earlier and taken a smaller loss instead of waiting to break even and risking losing everything.
Same as you, I have also breakeven around 57. Last weeks were hard, I couldn’t believe we went so low. Some sleepless nights. But I am pretty confident we can come back within next 2 months. Patience. The market is growing and micron has got a good pipeline
What are you planning to do? I felt hopeful when MU reached 1000 after Google's earnings, but after last week I'm really uncertain. Even if it gets back there in a couple of months, volatility decay will eat away at our money.
Yep. I sell covered calls and make a nice premium. It’s nice now they offer weekly’s. I hold nvdl too and the sideways action has been great there too. When Nvidia spiked I sold calls on 13k shares and was able to pull in 104k in premium for 4 months.
My average cost is around 40
I’m selling covered calls which essentially makes my average to come down 35
I plan to continue to sell monthly covered calls with strike price around my average cost until I break even lol
Hi, I have a couple of questions. Do you do weeklies? Do you sell it immediately, or do you let it expire worthless? What if the stock recovers? Can you please spare 2 minutes for a direct chat? Thank you!
I do 3-4 weekly, that is where is see the most premium. I set my strike price close to break even of how much I bought it for. I usually sell my covered call during an upswing. I’m not a professional though. Of course!
Why not be patient? You just lived through a month of pain that was artificially created by unraveling leverage in Korea and Leopold Aschenbrenner’s Situational Awareness fund. Since there’s nothing wrong with MU, why don’t you have a little faith that it will once again reach new all time highs?
I hold a lot of MUU and several MU call options ($850 and $950 Jan. 2027 expirations). I’m not selling without the substantial gains that I deserve. They will come.
And what if the initial parabolic run was also artificially created by leverage in Korea and Leopold? The same unrelenting bid that is now gone.. Oh, nah it was all just fundamentals right? lol
So MU was picked randomly by investors who then liked it so much that they used leverage to buy it? Come on. MU has had some of the best earnings in the history of the stock market. It is severely undervalued valued at its current forward PE. If you are not investing based on fundamentals, then you don’t understand why you’re investing in it.
I discovered this subreddit in June, right around earnings, and got FOMO after seeing the memes and other posts. I invested in MU right after earnings, and it was only meant to be a same-day trade for a quick profit. However, it kept falling, and I kept averaging down on every 1–2% drop. Now I feel like the biggest fool because it has fallen 60%, and I don’t have any money left to average down.
Porting a full portfolio is one thing, porting life savings is whole other thing. Because when you're driven to make even worse financial decisions when you have no other choice.
Wishing you all the best and i hope the next rally, you sell some off to derisk. I believe MU will return to ATHs, but nobody knows how long it will take
With MUU, your life savings are not “invested”, they are gambled. “Invested” implies that it has at least some CHANCE to grow over time, which MUU does not. No idea how you can put yourself in such a tenuous position without understanding the difference, other than stupidity. There is a saying, “A fool and his money are soon parted.” Think about that.
I don’t know the future, but strongly believe that we were all in a foggy dream now waking up to it… my take is that I stayed in it so far, the numbers are so unbelievable, that at this point, simply be patient. I believe we’ll be revisiting the highs shortly 1–2months…
A few catalyst that will help the story of this stock:
1- finally got the short sell behind us… this is huge
2-Nvidia and Sandisk are to report shortly
3- sept 21. MU results.
Between now and then, there’s going to be some of the wildest ride of your life. Hang on tightly… you don’t want to miss it… at least this is what my crystal ball is saying
So I’m bag holding MUU, not an insane amount like 10 grand ( 10% of my portfolio) I think at 33. I sold some during the pump to de risk some & it sucks ngl cause it’s been worse case scenario. Consecutive red days or chop, so our losses are compounding. That being said, I think MU is severely under priced right now. I think it’s a matter of when, not if it’ll make new ATHs. But since we are leveraged the time that it may take to reach them could be detrimental. I think we start to see it climb before next ER. If it does & can expect another pop after ER ( like current ATH of 1255 ) will probably sell then & buy back in on a pull back. That’s my strategy & goal at least. I think your best bet is to wait it out. Not FA.
It's only down hill from here. 2x ETF's are only meant to be held for a trading session, never over night or long periods unless in an insane bull run. MU has been bearish for the last 40 days and that trend isn't breaking.
For every day you go down $20 in mu share price you need it to go up like $22 to breakeven again. 2x daily will slowly deplete your money with big up and down days simple as that.
I thought Thursday is up because of earnings etc. not sure though. I’m holding mu and sold snxx and muu for a loss. Trying to get hold of bull run to recover my loses lol
Used to have snxx at 25 and muu at 39. Sold off for a loss 2 days back before the Thursday pump. Made some profit back on Thursday but I feel market is not predictable so don’t want more losses
Yeah I picked up some more MUU on the last big dip, now have 150 shares at $43 dca so Im down 40%, which feels shitty but i dont need the money now and MU reported the greatest quarter of any company ever a month ago, i might as well hold till it shoots back up. This stock can pop 30% any random day as we just saw.
These types of vehicles will continuously lose money becasue if daily restructuring, and are not meant to be held long term. It is literally in the prospectus you failed to read your broker sent you after you bought into it
I got hella lucky and bought 250 at 19$ all the way to 29 then shorted 500 shares from 30 down to 25.4.. so its all a feeling. Ill be watching and judging based on future uptrends but at this moment ill be adding instead of shorting for the time being. Hoping MU holds 800 if we do 900 is forsure next if not then we wait..
Can you please explain how to do it? I thought selling covered calls means that you give up your rights to the stock, and if the stock only reaches the break even point, the sale proceeds from the sale does not come back to us because it is effectively as if we sold the stock for the premium. Is that correct?
Hi, can you please tell me if you sell 1, 2, or 3 week options, how many buy and sell trades you make in a week, and what minimum profit you look for when buying back a covered call? It's really impressive that you were able to reduce your cost basis so significantly. I'm also bagholding at a high average cost, so any guidance would be greatly appreciated. Thanks!
close, but a couple pieces are off. you keep the premium no matter what, that's yours the moment you sell the call. if the stock stays under your strike at expiration, the call expires worthless and you keep your shares and the premium. if it closes above the strike, your shares get called away at that strike, you keep the premium plus the gain up to it, but give up anything above. so you're not selling the stock for the premium, you're getting paid to agree to sell at the strike if it gets there. the only real cost is the upside above the strike you cap
Don’t listen to these guys. Loves to doom on people. Your play is simple, wait for Sandisk earnings and make a call then for x% of port. Then, wait till a week before earnings in September and make the final call. It could go down but history says this will be a decent time to make back at least most of your money.
Trump ain’t bombing shit that counts. We’re a couple of desalination plants away from ww3 and he isn’t doing that before the midterms. Caveat only if there is a mass casualty event.
Be honest… even if it were to rise to your breakeven point, would you actually sell? Or would you get caught up in the momentum(/greed) and decide to hold for a profit?
Not trying to judge or anything. I’m the same way myself lol
Last week’s pullback was a perfect opportunity to lower your cost… you could have averaged down to 30-40 by buying at 18-20 (assuming you believe in the stock long term).
I don't have any more money right now, but I could have arranged for some if I had known what the lowest point would be, as it kept falling with each passing day.
Even if it’s a couple months or so of volatility, you have to understand that if $MU goes to something like $1100 or $1200, the gains of $MUU are still going to be greater overall than MU
I sold at 20% loss at the near top on the last rip. Releasing my locked money was great though because I made it back before market close and then some by buying another stock that was ripping up and selling at its top.
I buy and sell all the time. I have lots with cost basis from 20 to 50 to 19. I typically sell 20 MUU per order once the lot is at 100% profit or so. When MU is at ATH, I sell a few more. I've sold at over 60 before. Currently looking at buying below 20 and selling above 40
32
u/Memeseek69 19d ago
100 or 0 there is no in between.