Covering Potash Stocks, Agri Trends, Options and World Demand.
Covering Potash Stocks, Agri Trends, Options and World Demand.
Home / Options /POT /Potash Stocks / Heavy Front-Month Option Action in POT
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 can see from this Yahoo! Finance screen cap, calls from 105 – 125 changed hands at breakneck speed. Right now the 110 call (which closes on January 15th) have a built in time premium of $2.25, a large percentage for a short-term timeline with no major announcements expected.
We’ll keep our eyes on the share price and update back in a week to see if the bulls were on the money.
Sphere: Related Content
January 12th, 2010 at 12:52 pm
[...] 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 [...]