POTASH (POT) Closed Negative

Sold both Citi and SKF put option today. SKF reached my target of $160. My put price went from $25 to $50.  AWESOME gain for me.

I sold Citi since it just wasn’t rallying enough for me despite the strength early morning today.  Determined that I don’t want to mess with this stock right now given the risk.  It didn’t rally like I wanted. Time to sell. $50 gain overall lol.

Potash closed negative today despite this crazy rally.  I actually bought a short put position earlier in the morning when I saw it bounced back down from the potential trendline.  I also like the gap up from a few days ago that could get filled.

I’m watching this closely since this rally has momentum.  I could easily be wrong so I’m ready to take a loss and sell.  My target price if it drops is $65 back to the previous support.

Daily Chart – Both 9mp and 3 mo range

Will be traveling East over the weekend.  Happy trading everyone.  I’ll see you guys on StockTwits next week.