Powershares Agriculture have hit another 52-week high following a bullish grain report this morning, touching $31.65 but has now retreated to $31 a share. Option volume is 2.5x the daily average with notable trade occurring the in the Dec. $31/$33 call spread which saw a total of 10,000 trade. Looks like a roll up of a position established 11/1 – selling to close the $31 and buying to open the $33s for around a 60c credit that would book some profits but maintain upside exposure.
Tuesday, November 9, 2010
What's Trading: PowerShares DB Agricultural Fund (DBA)
From What's Trading:
