Mosaic (MOS) gapped down yesterday on no publicly available news, and although shares popped today, they remain below the strike price of the put we sold.
With the company scheduled to announce earnings after Monday’s close, I do not want to be assigned shares. Therefore, let’s temporarily close the position. We will sell another put after earnings to reduce our net debit.
Current Stock Price: $49.68
Net Debit: $3.67
Action: Buy to close the MOS Nov Week One (11/4) 52 Put for around $2.28, but adjust as needed to close today
New Net Debit: $5.95