Mosaic Company (MOS) announced first-quarter results Tuesday that fell short of analyst expectations. Yet, after opening lower, the stock closed up nearly 9% on the day.
Perhaps this was due to the fact that the fertilizer producer reported a 71% year-over-year increase in revenue and a 159% jump in adjusted EBITDA.
While it would have been nice to capture the post-earnings rally in shares, things could have just as easily gone the other way.
Let’s get back to generating income by selling a put to reduce our net debit on the position.
You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position.
Current Stock Price: $64.67
Net Debit: $9.19
Action: Sell to open the MOS May Monthly (5/20) 55 Put
Current Option Price: $0.71 – 0.88
Recommended Limit: Set your initial limit order at $0.79 but adjust as needed to sell a put today.
New Net Debit: $8.40