Hugh L. O'Haynew's
בס״ד
Posted on March 27, 2023
Nutrien Ltd. (NYSE:NTR) used to be Potash Corp. of Saskatoon, Saskatchewan.
They changed their name, of course, for public relations and stock-goosing reasons.
Because, as you know, “Potash Corp” can only carry you so far in a world of sleek lines and Madison Avenue marketing.
That said, we’re talking fertilizer here, friends. Not some flashy, AI-powered business. Not so perfumey, either.
But lots and lots of portfolio growing potential.
Today’s trade could bag us a 6567% return.
Before we get to the dirt hawkers, though, we’re closing two trades for a very nice take.
And it goes like this—
Our NVT trade reached your greasy, honey-garlic chicken fingers two weeks ago on March 13th. The letter was called One With Electronic Potential, and it recommended you sell the NVT May 19th 40/45 CALL spread for $2.80 and purchase three (3) NVT May 19th 40 PUTs for $0.95 each. Total debit on the bet was $0.05.
And now…?
We’re urging you to buy back the CALL spread for $2.20 (2.80/0.60) and sell the three PUTs for $1.65 each.
That gives you a NET $2.70 return on just a nickel laid down—in a mere fortnight!
And that’s a dapper 5400%.
Next up is our CROX initiative, whose details can be found HERE.
In brief, we’re holding the June 16th 120 synthetic short and a credit of $2.10.
The short can be closed for net zero (13.10/13.10), and we believe that’s as good as it may get for the time being.
Get it done, and you cross the finish line with $2.00 NET on a dime laid out.
And that’s 2000%.
And now to this week’s action…
We start with the numerical dirt on NTR, whose fundamentals look like this—
With kind regards,
Hugh L. O’Haynew
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