Mosaic Company (MOS) continued to trade lower this week, but our protective put remains out of the money and is on track to expire worthless.
Micron Technology (MU) delivered an earnings beat but the stock sold off after management lowered its annual revenue forecast, citing reduced chip demand and weakness in China. However, the protective put we purchased remains out of the money and is on track to expire worthless.
MOS Jul Week One (7/1) 45 Put
Note: No action is needed on the MOS Jul Monthly (7/15) 50 Call at this time.
Current Stock Price: $46.72
Cost Basis: $60.51
Action: Watch put expire worthless
MU Jul Week One (7/1) 52 Put
Note: No action is needed on the MU Jul Week Two (7/8) 60 Call at this time.
Current Stock Price: $53.58
Cost Basis: $68.95/$72.40
Action: Watch put expire worthless