Just went long Oct $31 call on MU for 1.28. Early entry diagonal on here. This is one that hit my radar Friday for bouncing off it's bollingers on the daily candles. That and I'm fairly confident of this one moving towards $31 before earnings (actually, $32 wouldn't surprise me). I fully plan to close this one before we see the earnings on 10/6, but it should give up some good premium on the way up. I'll be a bit skittish on this below $28, but I think we've seen the last of 27s for the time being. Also, I realized today that the $4 spread on MSFT (short 8/11 71, long Oct 75) is presenting way too much exposure for me. I'll be halving the short position today to cut down on absolute exposure--though I'm confident in the bearish reading on that, especially after MA-20 held so strongly today (which was the point where I cry uncle and bail 100% on the short).