Potash puts active on miners trapped Potash September weekly and October 42 puts are active on total put volume of 10K contracts (5K calls). October and December put option implied volatility of 27 is below its 26-week average of 30 according to Track Data. Active put volume suggests traders taking positions larger price movement on twenty miners trapped after fire at Potash mine, Global Regina reports.
Potash upgraded at Raymond James As previously reported, Raymond James upgraded Potash to Outperform from Market Perform. The firm believes the supply outage at Uralkali will result in a tighter market and benefit western producers. Price target raised to $40 from $38.50.