Short MOS/ BUY 8/18/23 42 PUTS
Mosaic the agricultural fertilizer company, has seen its stock rise 4 days in a row in harmony with the commodities rally we’ve seen. This stock has seen the $40 price level act as a magnet for the past few months and I expect a swift move back lower to that level. I’m looking for a hit on commodities this week which should trigger selling in basic materials stocks like MOS. 1 Star trade last half hour