By Jud Pyle, CFA, chief investment strategist for the Options News NetworkShares of Potash ( POT) have rallied nearly 6% so far on a down market day and normal daily options volume has doubled, but this volume is not heading in one direction.
Potash shares have rallied more than 45% since reaching a 52-week low of $66.31 on March 6. Three weeks ago, the stock rallied up to $117.88 a share. After the big pullback we have seen in the shares in the last three weeks, it's interesting that this investor could be betting that Potash stock might rally higher in the next couple weeks. Meet Jud Pyle live in Las Vegas at the Forex & Options Expo. Jud Pyle is the chief investment strategist for Options News Network (www.ONN.tv) and the portfolio manager of TheStreet.com Options Alerts. Click here for a free trial for Options Alerts. Mr. Pyle writes regularly about options investing for TheStreet.com.