Monsanto (MON), which had suffered a three-day 31.4 percent slide prior to today, is down another 46 cents to $47.54. Shares faced a bit off selling pressure about 40 minutes ago, falling to $47.17, on a Global Research story that a new scientific study confirmed that Roundup is toxic, a danger to animal organisms and a danger to humans. So, the slide in MON shares continues. However, at least one player seems to be looking for a rebound as a Nov 55 – 60 call spread was apparently initiated this morning for a debit of 54 cents, 4400X. The same spread traded at 58 cents 5000X late yesterday.

5 users commented on " Monsanto Co (MON) $47.46 -1.12% "
Follow-up comment rss or Leave a TrackbackAt 55c the trade is cheap spec play. Pay-off potential is $4.55 (risk 1 to make 8), but it would take a 17 percent move higher to breakeven (55.55) at the November expiration.
I’m not sure if this is the same “rumor” Fred, but this company has been the subject of frequent “leaks” in the past. I have no idea. No interest myself, but I’m kind of paper trading it on dips getting some 45-50 call spreads but not taking too much risk.
Hilarious. How many Monsanto rumors can hit the tape in 5 years? Alas though, scary thing is that some might not be a “rumor”…….who knows, as bad as the banks!
Seems maybe like an overreaction, but I don’t know Rainman. I mean, is it really breaking news that Roundup pesticide might be harmful? Seems like that would be a given. I have no idea..
I have not a clue either honestly…..;)
CF, AGU, MOS down. I’ll play on short side if confirm down direction for group tomorrow.