OptionsHouse

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


Related Stories

POT

Calls looking for recovery in Potash

May 4, 2015

The fertilizer company pulled back after disappointing quarterly results last Thursday and is now at the bottom of a range in place since the beginning of April.

Invest Like a Monster - San Diego: June 26-27

Premium Services

Archived Webinar

Education & Strategy

Short synthetic stock

With the use of the calls and puts we can not only create Long Synthetic Stock, but Short Synthetic Stock as well...

View more education articles »