Terra Industries saw notable put volume as the December $39 puts and January $40s have traded over 6,500 contracts each. A block of 5,000 went off as a spread with new purchase of Jan. and sale of Dec. as traders take defensive positions as the TRA, CF Industries and Agrium (AGU) deal making unfolds.
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Terra Industries (TRA) $38.50 -1.21%
Posted on November 30th, 2009 12:10 pm
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