I am recommending we roll our Mosaic (MOS) and Nike (NKE) puts. We are going out two weeks due to next week’s Federal Reserve meeting. While the Fed is widely expected to raise rates 0.75%, the market could move sharply in either direction based on the actual size of the rate hike and the Fed’s…
As I said in the previous alert, semiconductor stocks were hit in the second half of August on concerns about how a potential recession will impact demand from the automotive and industrial end markets in addition to consumer electronics. I believe these fears are overblown. Like Micron Technology (MU), Applied Materials (AMAT) is significantly undervalued…
I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS), Nike (NKE) and SPDR S&P Biotech ETF (XBI) puts to generate more income and reduce our net debits on the positions. You can enter the second leg of today’s trades even if you were not in the previous ones. Just be aware that…
Mosaic (MOS) announced strong second-quarter results yesterday after the close. While revenue and earnings fell short of Wall Street’s expectations, the stock is down only slightly this morning. The muted response is likely due in part to the company’s comments that fertilizer demand will be supported by tight crop supplies into next year. We were…
We have positions in Expedia (EXPE), Mosaic Company (MOS), VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) expiring today. The long leg of our EXPE put spread is on track to expire worthless. The company is scheduled to report earnings next week. We will put on a new spread after we see how investors react…
I am recommending we roll our Mosaic Company (MOS), Micron Technology (MU), Nike (NKE) and The Trade Desk (TTD) calls to higher strike prices to capture more potential appreciation following the market’s move up. MOS Jul Week Four (7/22) 47.50 Call Current Stock Price: $47.94 Cost Basis: $59.52 Action: Buy to close the MOS Jul…
I am recommending we roll our First Solar (FSLR), Mosaic Company (MOS), Nike (NKE) and The Trade Desk (TTD) calls to generate more income and reduce our cost basis on the positions. FSLR Jul Monthly (7/15) 70 Call Current Stock Price: $68.54 Cost Basis: $82.64 Action: Buy to close the FSLR Jul Monthly (7/15) 70…
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…
I am recommending we roll our Best Buy (BBY), First Solar (FSLR) and Mosaic Company (MOS) calls out two weeks to generate more income and reduce our cost basis on the positions. We continue to target a mix of cash and appreciation. These stocks are trading 3% to 6% lower than when we sold calls…
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…
