1.01 (3.07%) 7:55PM ET June 5.Original post:
This is a post from Wednesday. Today the big three potash plays are down about 1%.
From Schaeffer's Research:
Call volume was heavy Wednesday on Intrepid Potash, Inc. (IPI). During the course of the session, traders on the International Securities Exchange (ISE) bought to open 2,042 bullish bets, compared to just 39 puts. The stock's single-day call/put volume ratio checked in at 52.36, with calls outpacing puts by a wide margin.
Most of the day's call activity crossed the tape at the June 34 strike, where 1,188 contracts traded on open interest of 1,995. However, it seems that the volume here was a mix of opening and closing transactions; open interest at this out-of-the-money strike slipped to 1,177 as a result of yesterday's trading...MORE
