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Income Masters Trade Alert: MOS

Mosaic Company (MOS) continues to sell off this week and our protective put is in the money. I am recommending we roll it out one week and to a lower strike. This will allow us to pocket some income, reducing our cost basis on the position, while keeping our hedge in place.

Note: No action is needed on the MOS Jul Week One (7/1) 53 Call at this time.

Current Stock Price: $46.16

Cost Basis: $64.57

Action:

  • Sell to close the MOS Jun Week Four (6/24) 50 Put for around $3.85
  • Buy to open the MOS Jul Week One (7/1) 45 Put for around $1.31
  • Set initial credit limit at $2.54, but adjust as needed to roll today

New Cost Basis: $62.03

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