How Prosper Trading Academy's CEO Is Trading Micron

Scott from Prosper Trading Academy discusses the recent pullback in equity markets, attributing it to a healthy correction after rapid gains since December. He highlights the impact of US-China tariff talks on the market, particularly on chip makers like Micron and AMD. Scott outlines a trade strategy for Micron Technology in the options market, considering potential positive outcomes from the talks. He also touches on the financial sector, analyzing the implications of the BB&T and SunTrust merger on regional banks.

What is the primary reason given for the recent pullback in the equity markets?

• A healthy correction after rapid gains

• A major economic downturn

• A sudden drop in consumer spending

• A significant increase in interest rates

Which factor is highlighted as a risk to the equity markets?

• Increasing inflation

• Decreasing unemployment rates

• Rising oil prices

• US-China tariff talks

What is the expected impact of US-China negotiations on chip maker stocks?

• No impact at all

• A potential increase in stock prices

• A stabilization of stock prices

• A potential decrease in stock prices

What strategy is being used for Micron Technology in the options market?

• Buying an upside call spread

• Selling a put option

• Selling a call option

• Buying a downside put spread

What was the recent significant event in the financial sector?

• A merger between two regional banks

• BB&T's acquisition of SunTrust Banks

• A new regulation on interest rates

• A major bank declaring bankruptcy