Trader looks for large move in Mosaic
Chris McKhann | firstname.lastname@example.org
MOS gained 3.44 percent to $48.07 yesterday as it recovered from a 52-week closing low $45.68 on Thursday. Shares of the fertilizer company have been trending lower since trading just under $54 on the first day of the month and near $60 in late March.
optionMONSTER's Depth Charge systems shows that 5,000 July 45 puts were bought for $2.38. There was no previous open interest at the strike, so this is a new position.
Shortly after that activity, 185,000 shares were bought for $47.2567. Combined with the long puts, this creates a delta-neutral trade that can profit if MOS moves sharply higher or lower. (See our Education section)