hollowman

Potash Sell-Off Overdone - Citi

KSu, I agree that a lot of what we've seen in ag names is due to the funds. In particular, they have been liquidating their holdings in ag names to cover their losses in energy.
However, I think that oil prices have far less downside risk, and it is well known that China will start next year with a huge deficit of fertilizer. This is very bullish, and will keep potash prices high for the foreseeable future.

Behind the Curve of Potash Prices

I have had several positions in POT, and this stock drives me batty when I'm in it. It's the manic-depressive of the stock market, and swings widly. I find the only real way to play it with some sanity is to wait for it to come down to about $140 and then sell the put a bit higher (say $145). Then if the stock is out of this range at op ex, you can use the premium to buy a put when you purchase the stock.