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Current DateTime: 06:08:33 25 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Feb.05
6:20 PM ET
Thursday, 5 Feb 2009
Fertilizer Co. Share Spike Driving Options

Fertilizer company Mosaic gained more than 6 percent and is attracting some call buying Thursday, ahead of appearances at two major investor conferences in coming weeks.

The call activity is taking place at the March 40 and 45 strikes, the latter drawing 7,000 contracts traded against open interest of 4,418 earlier today, according to OptionMonster's tracking systems.

MOS stock [MOS  Loading...      ()   ] has spiked since trading around $35 before announcing Monday that it will participate in the two financial events — held by Goldman Sachs on Feb. 10 and Morgan Stanley on Feb. 18 — and it is up again this afternoon at $41.37.

If MOS can break through the next technical level, then these upside calls could perform. The company reported a sharp rise in quarterly earnings last month but recently announced layoffs and other cutbacks, citing weakening demand througout the fertilizer industry.

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Other Fertilizer Ag Firms:

Bunge [BG  Loading...      ()   ]

Potash Corp. of Saskatchewan [POT  Loading...      ()   ]

Agrium [AGU  Loading...      ()   ]

Terra Industries  [TRA  Loading...      ()   ]

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Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC's "Fast Money" and co-founder of OptionMonster.com.

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