Weekly Options Countdown subscribers scored a 218% profit
Subscribers to our Weekly Options Countdown service just notched a big win with our Mosaic Co (NYSE:MOS) July 29.50 put recommendation. In fact, they more than tripled their money in just one week.
When traders received this commentary on Sunday, June 30, the fertilizer stock had retraced 61.8% of its May-June decline and ran into its declining 50-day moving average. The $30 region and $10 billion market cap sat above as well. Amid the deteriorating technical backdrop, short interest had risen 73% in the two weeks prior, which was an additional headwind to monitor.
Options traders were bullish, though, per MOS’ 10-day call/put volume ratio of 3.13 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). Plus, peak call open interest (OI) for the next two weeklies sat above, at the $29 strike price.
Mosaic stock began its descent immediately after our recommendation, marking its biggest single-day percentage loss since May on July 1. The equity is down 1.1% to trade at $26.90 at last check, eyeing its seventh-straight daily loss and enabling our subscribers to cash in a 218% profit today.
