Stock / Symbol: Mosaic / MOS
Strategy: Bull Put Spread
Trade post date: 24 May 2021 / $35.46
Price at this post: $36.23
Update / Reasoning: Less than a week into this trade, this position is already up over 25%. If this position is held thru the long weekend and if MOS opens up a today's level or better, this trade will be up even more thanks its positive theta. On the other hand, there's always a chance that MOS will open up lower on Tues, resulting in either a lower profit than there is on the board today, or even a loss. So, I'm going to close it here. The Greeks at the moment are: 39.3 Delta, 1.7 Theta, and -0.8 Vega.
Trade Exit Order:
BTC 1 MOS 4Jun21 36.50 put
STC 1 MOS 4Jun21 34.50 put
For a max net debit of $0.73 per contract (GTC order, limit order). The mid is currently at a debit of $0.68. I was just filled at $0.70
Analysis:
Max Risk: $102 / My Actual Risk: $100
Max Reward: $98 or 96% with MOS at/over $36.50 on Jun 4th
Profit Range: MOS at/over $35.65 at market close on Jun 4th
Estimated Commission (round trip): $2.60
Downside Stop @ $32.40
Realized Profit / Loss: $30 or 30% (pre commission)
