We have positions in Expedia (EXPE), Mosaic Company (MOS), VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) expiring today.
The long leg of our EXPE put spread is on track to expire worthless. The company is scheduled to report earnings next week. We will put on a new spread after we see how investors react to the announcement.
Our Mosaic Company (MOS) call is in the money. Let’s allow our shares to be called away. I will recommend a put to reduce our net debit after the company reports earnings next week.
Finally, our TGT and SMH protective puts are on track to expire worthless. I plan to reconstruct both LEAP call spread trades soon, as they are deep underwater.
EXPE Jul Week Five (7/29) 83 Put
Current Stock Price: $105.15
Net Debit: $5.15
Action: Watch put expire worthless
MOS Jul Week Five (7/29) 49 Call
Current Stock Price: 236.58
Cost Basis: $59.47
Action: Allow shares to be called away
Net Debit: $10.47
SMH Jul Week Five (7/29) 225 Put
Note: No action is needed on the SMH Jan 2023 (1/20/23) 250 Call at this time.
Current Stock Price: $236.58
Cost Basis: $52.24
Action: Watch put expire worthless
TGT Jul Week Five (7/29) 150 Put
Note: No action is needed on TGT Jan 2023 (1/20/23) 200 Call at this time.
Current Stock Price: $162.96
Cost Basis: $17.57
Action: Watch put expire worthless