Sell Alert: September 9, 2013

| September 9, 2013

Sell Alert:  September 9, 2013


Trade Details

Sell Potash (POT) September $32 Calls for $0.40 or better



POT is up today on rumors of a stake sale in Uralkali, the Russian potash giant.  The thinking is if the ownership changes, perhaps Uralkali won’t flood the market with potash after all.  It’s pure speculation – and the possible sale is already being denied by the relevant parties.

I don’t think this price move will hold. Let’s sell our calls while we have a chance to capture a reasonable portion of our initial investment.  We’ll conserve the remaining capital for better opportunities.


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Category: OTW Sell Alerts