Writing Intrepid Potash, Inc. (IPI) February Puts
December 29th, 2009
Sell to open IPI February 27 puts. I wanted to make this trade last week but I missed it. I decided to give it another try today after it found support at ~28.80 which is also a rising 50 day SMA. $27 coincides with a rising 100 day SMA as well. MOS and POT have similar charts.
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