NEW DIRECTIONAL CALL PLAYS
Monsanto Co. - MON - close: 91.68 change: -0.42
Stop Loss: 89.95
Current Option Gain/Loss: Unopened
Time Frame: exit prior to Jan 8th.
New Positions: Yes, see below
Why We Like It:
Believe it or not but shares of agriculture stock MON are trading near multi-year highs. Shares have been flirting with major resistance near $92 for weeks. Yesterday's high was $92.73 and the Nov. 29th high was $93.00. I suspect that if MON can breakout we could see it run to round-number resistance at the $100.00 mark.
I am suggesting we use small positions and buy calls when MON hits $93.05. If triggered our target is $99.50.
NOTE: This is a short-term trade. We do not want to hold over the January 8th earnings report.
Trigger @ $93.05 *Small Positions*
- Suggested Positions -
buy the 2013 Jan $95 call (MON1319a95) current ask $0.95
Entry on December xx at $ xx.xx
Average Daily Volume = 2.2 million
Listed on December 19, 2012