Rochester, NY 8/11/2009 10:31:49 AM
After Hours - Mosaic Co., MOS - Mosaic Trading Substantially
Mosaic Co.
Mosaic closed last trading at $54.39. So far the company’s stock has hit a 52-week low of $21.94 and 52-week high of $115.99. It is also showing support around 52.32 and resistance in the 56.18 range. Technical indicators for Mosaic stock are Bullish.
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A lower cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the MOS Jan '11 20 Call and selling the Dec '09 55 call (MOS LK) for a $28.35 debit. The trade has a 134 day life and would provide 11.10% downside protection and a 23.46% assigned return rate for a 64.00% annualized return rate. Mosaic has a current annual dividend yield of 0.37.
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