Why is put volume exploding on Potash Corp. of Saskatchewan?

Filed under: Options, Technical Analysis, Agriculture, Potash Corp. of Saskatchewan (POT)When Potash Corp. of Saskatchewan (NYSE: POT) fell from its June 2008 peak of $241.62, it fell hard. The stock bottomed out at $47.54 in early December, marking an 80.3% decline from peak to nadir. The shares have recently shown signs of life, though, having gained 78.7% during the past two months. Even more compelling, POT closed last Friday atop resistance from its 20-week moving average for the first time since August, and appears poised to do so again this week. So, with the stock rallying back from its lows, why are investors gravitating toward bearish bets? Continue reading Why is put volume exploding on Potash Corp. of Saskatchewan?Why is put volume exploding on Potash Corp. of Saskatchewan?