I am recommending we roll our protective puts on Mosaic Company (MOS) and The Trade Desk (TTD) out one week and to lower strikes to keep our hedges on these volatile stocks in place.
MOS Jun Monthly (6/17) 52 Put
Note: No action is needed on the MOS Jun Monthly (6/17) 59 Put at this time.
Current Stock Price: $50.96
Net Debit: $6.54
Action:
- Sell to close the MOS Jun Monthly (6/17) 52 Put for around $1.57
- Buy to open the MOS Jun Week Four (6/24) 50 Put for around $1.54
- Set initial credit limit at $0.03, but adjust as needed to roll today
New Net Debit: $6.51
TTD Jun Monthly (6/17) 44 Put
Note: No action is needed on the TTD Jun Monthly (6/17) 50 Put at this time.
Current Stock Price: $43.85
Net Debit: $2.34
Action:
- Sell to close the TTD Jun Monthly (6/17) 44 Put for around $1.38
- Buy to open the TTD Jun Week Four (6/24) 40 Put for around $1.14
- Set initial credit limit at $0.24, but adjust as needed to roll today
New Net Debit: $2.10