Welcome VKat!  Good target Dave! 

At $47, they are at $54.5Bn in market cap and, although they did $5Bn in profits last year on $20Bn in sales, they paid no taxes and we can't assume that keeps going but profits are fantastic, $7Bn for the first half on $15Bn in sales so, even considering the cyclicality of the business, $54.5Bn is a fair price.

RAM should be a growth industry going forward – if you are an artificially intelligent being, what would you want for Christmas?

So, for the Long-Term Portfolio, let's:

• Sell 15 MU 2020 $42 puts for $5 ($7,500)
• Buy 20 MU 2020 $40 calls for $13 ($26,000)
• Sell 20 MU 2020 $55 calls for $6.65 ($13,300) 

That's net $5,200 on the $30,000 spread that's 1/2 in the money to start.  Upside potential at $55 is $14,800 (284%) in 18 months and TOS says net margin on 15 short $42 puts is $5,797, so it's a very margin-efficient trade as well.

And what Yodi said! 

Good group effort on that one….