Monsanto To Bounce? (MON)

Shares of Monsanto Company MON are lower on the session by 0.53%, currently trading at $47.74. The stock has been moving largely lower over the past few weeks, falling from a recent high around the 50-day moving average, at $62.00. One option trader is betting that shares could rebound over the next few weeks. A short while ago the November $55/60 call spread was purchased 4,400 times for $0.54. Volume did not exceed open interest, but traders should note that this exact trade was executed on the same strikes yesterday 5,000 times for $0.58. Monsanto Company, along with its subsidiaries, is a worldwide provider of agricultural products for farmers. The company's seeds, biotechnology trait products, and herbicides provide farmers with solutions to produce foods for consumers and feed for animals. The company operates in two segments: Seeds and Genomics, and Agricultural Productivity. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.