Trying to Grow with Monsanto (MON), Again
Once again I’m back in on Monsanto (MON). I’ve sold multiple naked puts on MON over the past year and now that it has pulled back from its recent highs, I’m back in again with the hopes that it will help grow my account some more.
While MON was trading at 119.48, I sold one MON June 110 naked put (MONRB) and received $429.25 after commissions. My June options expiring are starting to get better balanced versus my May options expiring. I try to have half my account expire each month so I’m never fully uninvested and never over committed to any one month period.
As I mentioned MON has pulled back from its highs. I opted to get back in now because they reiterated their five year plan and seem to be stable enough to weather any short term dip with their large cash piles. MON closed above its 50 day […]
Original post by Alex Fotopoulos