Sociedad Quimica (SQM) stock replacement sells 1100 July $105 puts for $21 and showing confidence being an ITM put sale in the producer of potassium nitrate and iodine. SQM is bouncing strong to start the week off the monthly VPOC support of 91 and now back over 21 EMA with potential to start to work back higher to the 112 highs from this month. The stock has been in a large range for months after a strong start to 2022 and a likely move higher can result in new highs above 115 but this put seller is confident that at least current levels near 100 stay as support into 2023.