Potash (POT) is up $4.87 to $74.18 and rallied to a high of $75.49 per share today. In the options market, the top trades of the day: 4900 April 80/100 call spreads for $4.55 on the AMEX. This was apparently a buyer initiated trade and tied to shares at $73.
WhatsTrading.com
Objective Real Time Market Intelligence
Potash Corp (POT) $74.00 +6.77%
Posted on March 10th, 2009 3:18 pm
(2 votes, average: 4.50 out of 5)You need to be a registered member to rate this post.
Loading ...Welcome
Option 8-ball
In the News
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| « Jul | Sep » | |||||
| Mouse over a bold date for a list of stories (premium stories are starred) | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | 31 | ||||
Sections
- **Flow Monitor**
- All Symbols
- AutoPost
- Buy-Write
- MarketUpdate
- NY Expo Case Study
- Options 101
- ToolBox
- TradeOday
- Uncategorized
3 users commented on " Potash Corp (POT) $74.00 +6.77% "
Follow-up comment rss or Leave a TrackbackGood stock, good story; what I am not clear about is why would a spread be tied to shares?
Shares are probably used as a hedge when initiating the trade. It is likely a bullish trade regardless and whoever put it on is probably high on POT.
… as a hedge in case for some wonderful reason it ends up in the money on the 100C call and the shares are called?
That’s what I was quietly speculating to myself. It defrays the cost on the 80C premium and laughs all the way to the bank on the long call – what a wonderful world this world of options. A whole lotta turnin’ an’ twistin’ your brain – POT or no POT.