Covering Potash Stocks, Agri Trends, Options and World Demand.
Covering Potash Stocks, Agri Trends, Options and World Demand.
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Option buyers certainly came out winners following last weeks article. Last week (monday, Jan 4th) we pointed out some bullish call buying on front-month (jan) option contracts at and around the current share price. Here’s the screen capture we used for volume and pricing of the options in question: The following day shares took a [...]
Do the bulls know something that the rest of us don’t? Front month Potash option contracts were in heavy demand during the first ‘real’ trading day in over a week, Monday January 4th. With share prices hovering around the $110 level (closed at $112.20) for most of the session investors piled into calls. As we [...]
In morning trading on Nov 10th, the Mosaic November 40 strike call option stands out, as 1300 contracts have changed hands. Last week we wrote an article wondering if the $40 level was beginning to become a psychological price point for investors. Today Mosaic had a hard time bouncing through the $40 level and has [...]
POT Option of the Week Month: Jun 2009 Purchase PVZFO (75 call) Sell PVZFP (80 call) Cost Per Lot: $2.50 ($250) Keep the spread within $2.50. For our example below we will use a purchase order of 10 lots. Let’s look at it this way. If Potash closes at $80 or above on June 19th, [...]
There was a time when Agrium and Mosaic where more than $40 apart in share price. Those days are over, as support became an issue in the downtrend in Agrium shares. Of the “big three”, Agrium (AGU) lost the least (percentage wise) over the past six months. In the past week Agrium shares have [...]