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Potash (NYSE:POT), the world's largest fertilizer enterprise, by capacity, is recently up $2.55 to $117.13. POT announced on its 10/25 EPS conference call it suspended all new potash sales to North American customers on the news that Silvenit, a major global producer in Russia, is concerned a sinkhole is threatening a major rail line which ships out potash. POT over all option implied volatility of 48 is above its 26-week average of 43 according to Track Data, suggesting larger price risks.

US Steel (NYSE: X) is recently up $1.88 to $106.84 on renewed and unconfirmed takeover speculation. X is expected to report EPS on 10/30. X November option implied volatility of 48 is above its 26-week average of 39 according to Track Data, suggesting larger risk.


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

Option update: Potash & US Steel volatility up originally appeared on BloggingStocks on Fri, 26 Oct 2007 16:50:00 EST. Please see our terms for use of feeds.

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