Options Update: Fertilizers' -- AGU, POT, TRA, MOS -- volatility elevated after sharp sell off

Posted Oct 31st 2008 8:45AM by Paul Foster
Filed under: Options, Potash Corp. of Saskatchewan (POT)

Agrium (NYSE: AGU), North America's third largest fertilizer producer, closed at $38.78 Thursday. AGU November option implied volatility of 113 is above its 26-week average of 70 according to Track Data, suggesting larger price movement.

Potash (NYSE: POT) closed at $84.71 Thursday. POT November option implied volatility of 102 is above its 26-week average of 69 according to Track Data, suggesting larger price movement.

Terra Industries (NYSE: TRA), a producer of nitrogen products, closed at $21.82 Thursday. TRA November option implied volatility of 110 is above its 26-week average of 80, suggesting larger price movement.

Mosaic (NYSE: MOS), a producer of crop nutrients, closed at $37.81 Thursday. MOS November option implied volatility of 109 is above its 26-week average of 76 according to Track Data, suggesting larger price movements.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Tags: Agrium, agu, mos, Mosaic, option implied volatility, OptionImpliedVolatility, pot, potash, Terra Industries, TerraIndustries, tra

Reader Comments (Page 1 of 1)

11-02-2008 @ 1:24PM

Lawrence said...

What does "suggesting larger price movements" mean? Higher volatility? Increase in price?

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