Jim Strugger's Potash Options Trade

Speaking on Bloomberg Markets Jim Strugger recommended a long position in Potash Corporation of Saskatchewan (USA) POT.

He explained that after trading at multi-year lows the stock showed some strength and it rallied to $20. Strugger believes that Potash should move higher and he wants to buy the March 21 call for $0.75. The trade breaks even at $21.75 or 11.17 percent above the current market price.