Thursday, January 10, 2013

Buy MON (sell puts)

Buy MON via selling Feb 90 puts @99.3
Monsanto broke out from a flat base on strong earnings. There is chart support at 92 and 90. Again, I am going with a 90% percentage option for a tiny premium. The low VIX readings mean pickings are slim for put sells (and call sellers).

Long APC BA GPS IWM LGF MON UNP XRT

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