Potash Closed at $80.81

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Wed, Apr 1, 2009
Potash Market News
Post by Melissa Pistilli, Potash Senior Reporter

In Potash Corp. of Sasketchewan, an investor backed out of a bullish spread in April contracts by selling April $90 calls and purchasing April $95 calls. Potash closed at $80.81, down 1.2%.

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  • John Pendlebury

    Exactly same option straddle was make in Mosaic. In my opinion, the “investor” was in reality a short fund, window-dressing books for end of quarter. Short funds in commodity-related stocks have produced miserable results last quarter. Get used to short funds squaring books, similarly to what has traditionally been done by investment funds holding long positions at end of quarter.

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