Micron Technology Bear Put Spread Could Return 197% in this Down Move

Micron Technology (MU) stock was a bearish candidate that came up on one of my screeners for being 96% above its 200-day moving average. Today, we’re going to look at a Bear Put spread trade that assumes Micron will experience a pullback from these overbought levels. More News from Barchart A Bear Put spread is a bearish trade that also benefits from a rise in implied volatility. The maximum risk for a Bear Put spread is limited to the premium paid while the maximum potential profit is also capped. T ...