Paper bought just over 21,000 POT July 1 17.5 calls for .57 up to .66 a contract.
Potash Corporation of Saskatchewan, trading 16.57 with an IV30 of 40.75% and an HV10 of 36.60%, is seeing call action.? The stock, with an ADV of 14,000 and OI of 376,000, saw a customer buy July1 17.5 calls in a couple of large blocks.? A customer bought just over 21,000 of the July 1 17.5 calls for .57 up to .66 a contract.
This is a customer that is making a play that POT is going to rally between now and the end of June.? Based on the duration of the trade and strike placement this appears to be a direct play on the underlying moving higher.
This trade should be considered bullish both the underlying and volatility.