Learn the trade here. Make it on tradeMONSTER

Options Trading News

March 31, 2014  Mon 9:10 AM CT

POT: SEE CHART GET CHAIN FIND STRATEGIES
A trader is looking for Potash to hold current levels for the next three weeks.

More than 3,500 POT April 37 options have changed hands already today, 4 times the previous open interest at that strike in a new position. The largest block of 2,100 was sold for $1.60.

The put seller is looking for POT to stay above $37 through expiration in mid-April. The trader is also clearly willing to buy shares and may be using the strategy in hopes of acquiring shares on a pullback. (See our Education section)

POT is up 0.96 percent to $35.91 this morning, its highest level since gapping down at the end of July. The fertilizer company has been trending higher since that time, when it dipped as low as $28.55.
Share this article with your friends


Premium Services

Education & Strategy

It's all skewed up

Most new option traders know little about implied volatility, and learn the hard way. Today we want to help you...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER