Potash Options Mid-Day Check (Oct 22)

 

 

Back with this afternoons Potash options update. With another down day for shares will we see any shift in option players sentiment?

I will now pull the ATM (at the money) call number back to 70 due to the shares current trading price. Our range will now become 70 – 85 on the call side and 70 – 55 on the put side.

Mid Day Options Check for POT

Call Volume: 4770

Call Open Interest: 6160

Put Volume: 2868

Put Open Interest: 6038

 

What this means?

Call Volume is again much stronger than put volume, although it has retreated from its previous 2:1 ratio. The area to watch is open interest. Yesterday’s market had a call-to-put open interest ratio of 1.18. Today this number has shrunk to 1.02. This tells us that option traders have begun to swing sentiment towards the put side of the equation. We will check back in later with after the close numbers, so don’t forget to bookmark us or add our RSS Feed.

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