Traders Cooperative

[royg1927]

Bot Mar 32.5 puts at 1.21

Rare earths in the news yesterday and today.

MCP is a U.S. outfit with "very promising" reserves somewhere in the western states, I don't recall exactly. The stock was about 12 in mid 2010 and there was an interview on CNBC which sparked the stock to climb to 70ish a year later. Since then it drifted lower and I didn't keep up with what was going on.

Something has caused some world-wide hubub about rare earths with a high percentage of the production in China.

I failed to pick up on the calls Friday and this morning. Risky, I think, to try the puts. But there it is.