I am recommending we book profits on our Blackstone (BX) put.
We are on track to be assigned shares of Mosaic Company (MOS). The company is scheduled to announce earnings on May 2, after the closing bell. I will be recommending that we sell our shares on Monday. We will re-enter the position after earnings come out by selling a put.
Our Nike (NKE) put is deep in the money. Let’s accept shares and I will recommend a call to sell soon.
BX Apr Week Five (4/29) 107 Put
Current Stock Price: $108.79
Cash in Hand: $0.95
Action: Buy to close the BX Apr Week Five (4/29) 107 Put for around $0.33, but adjust as needed to close today
Profit: $0.62, or $62 per contract
MOS Apr Week Five (4/29) 74 Put
Current Stock Price: $65.78
Cash in Hand: $1.20
Action: Accept shares
New Cost Basis: $72.80
NKE Apr Week Five (4/29) 132 Put
Current Stock Price: $128.24
Cash in Hand: $1.02
Action: Accept shares
New Cost Basis: $130.98