Date updated:07-22-2009
Shares of Mosaic (MOS) surged higher on last Thursday after news broke that Vale (VAL) might make a bid for the fertilizer giant. How should you play the ag sector off this action?

-
VALE
Vale S.a. Ads - $28.85
- 0.00%
- $N/A
Jon Najarian appeared on the show to talk about reports from a Brazilian newspaper that Vale (VALE) is making a bid for Mosaic (MOS).

-
MOS
Mosaic Company (t - $57.17
- +5.00%
- $55.28
Jon Najarian appeared on the show to talk about reports from a Brazilian newspaper that Vale (VALE) is making a bid for Mosaic (MOS).

-
AGU
Agrium Inc. - $56.97
- +1.99%
- $56.78
Najarian said heavy options activity on Friday and Monday created a huge buying opportunity. He said he got out of the Mosaic trade and sees better opportunities in Agrium (AGU), Potash(POT) and Intrepid Potash (IPI).

-
POT
Potash Cp Saskatc - $116.59
- +3.71%
- $114.28
Najarian said heavy options activity on Friday and Monday created a huge buying opportunity. He said he got out of the Mosaic trade and sees better opportunities in Agrium (AGU), Potash(POT) and Intrepid Potash (IPI).

-
IPI
Intrepid Potash I - $31.25
- 0.00%
- $N/A
Najarian said heavy options activity on Friday and Monday created a huge buying opportunity. He said he got out of the Mosaic trade and sees better opportunities in Agrium (AGU), Potash(POT) and Intrepid Potash (IPI).
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A. why buy front month? time decay is just
gonna eat up your position. sell a bull
put spread or even buy the 65 in an
outter month. if youre assuming it gets
above the 65 resistance level (which it
will need to for you to be in a profit),
then why not assume it will go higher?
and if its gonna go higher, why not give
it more time? i.e. outter months
A. The only one I own : SLX,
too hard pick a winner out all of them
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