Option Investor

Option Writer Update

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Even though the market is still moving higher into the close it has hit some apparent resistance. Mosaic (MOS) is also finding some resistance. My original intention was to sell the June 105 puts and 145 Calls. I think that the stock could continue higher here but I want to sell the calls now. I know that I said I wanted to wait but I don't like that the markets are pulling off thier earlier highs.

Here is the trade setup for MOS. It is supposed to provide a hedge for the put and should make the overall delta of the trade basically 0 to slightly positive. For those of you new to analytics I will cover creating neutral positions from long or short biased in one of my strategy updates/reviews.

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