Our Mosaic (MOS) put is in the money. I am recommending we close the position now rather than holding through today’s Federal Reserve announcement, which could prompt further short-term selling. The stock is down 40% since we entered the position in April, when fertilizer prices spiked to record levels. As high prices weakened demand, fertilizer…
I am recommending we roll our Applied Materials (AMAT), Mosaic (MOS), Moderna (MRNA) and SPDR S&P Biotech ETF (XBI) puts to generate more income and reduce our net debits on the positions. AMAT Dec Week One (12/2) 100 Put Current Stock Price: $103.85 Net Debit: $8.08 Action: Buy to close the AMAT Dec Week One…
I am recommending we roll our Mosaic (MOS) put out two weeks to avoid assignment and generate more income. Current Stock Price: $49.12 Net Debit: $4.84 Action: Buy to close the MOS Nov Monthly (11/18) 50 Put for around $1.27 Sell to open the MOS Dec Week One (12/2) 48 Put for around $1.62 Set…
Mosaic (MOS) popped 6% yesterday after the company announced its third-quarter results despite revenue and earnings misses. However, Mosaic’s net income more than doubled from a year ago to $841.7 million, or $2.42 a share. The stock is giving back some of the post-earnings gains today and volatility levels remain elevated. Let’s sell a put…
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…
I am recommending we roll our Mosaic (MOS) and SPDR S&P Biotech ETF (XBI) puts out one week to generate more income and reduce out net debits on the positions. MOS Oct Week Four (10/28) 52 Put Current Stock Price: $53.75 Net Debit: $4.46 Action: Buy to close the MOS Oct Week Four (10/28) 52…
I am recommending we roll our First Solar (FSLR), Mosaic (MOS) and SPDR S&P Biotech ETF (XBI) puts out one to two weeks to generate more income. FSLR Oct Week Two (10/14) 125 Put Current Stock Price: $127.19 Cash in Hand: $0.06 Action: Buy to close the FSLR Oct Week Two (10/14) 125 Put for…
I am recommending we roll our First Solar (FSLR) and Mosaic (MOS) puts out two weeks to buy ourselves some time for the underlying stocks to move higher and to generate more income. Note that with today’s roll, we are flipping our net debit in FSLR to cash in hand. We will look to exit…
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…
