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Potash POT (news,
chart,
quote) - POT volatility elevated at 60 as shares react to Planting report
POT is recently down $8.13 to $152.44. POT is the world's largest fertilizer enterprise, by capacity. The USDA 2008 Prospective Planting report based on farmer surveys indicate farmers intend to plant 86 mn of corn down 8% from 94 mn in 2007. POT call option volume of 13,543 contracts compares to put volume of 18,656 contracts. POT April option implied volatility of 60 is above its 26-week average of 56 according to Track Data, suggesting larger price risks. |
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