27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Whales with a lot of money to spend have taken a noticeably bullish stance on Archer-Daniels Midland.
Looking at options history for Archer-Daniels Midland (NYSE:ADM) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $91,810 and 7, calls, for a total amount of $269,070.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $37.5 and $67.5 for Archer-Daniels Midland, spanning the last three months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Archer-Daniels Midland options trades today is 502.86 with a total volume of 2,605.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Archer-Daniels Midland's big money trades within a strike price range of $37.5 to $67.5 over the last 30 days.
Archer-Daniels Midland Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ADM | CALL | TRADE | BULLISH | 05/17/24 | $55.00 | $69.4K | 104 | 0 |
| ADM | CALL | TRADE | BULLISH | 05/17/24 | $60.00 | $47.7K | 48 | 0 |
| ADM | PUT | TRADE | NEUTRAL | 09/20/24 | $55.00 | $46.5K | 875 | 106 |
| ADM | PUT | SWEEP | BULLISH | 09/20/24 | $57.50 | $45.2K | 648 | 86 |
| ADM | CALL | TRADE | NEUTRAL | 05/17/24 | $55.00 | $34.5K | 104 | 297 |
About Archer-Daniels Midland
Archer-Daniels Midland is a major processor of oilseeds, corn, wheat, and other agricultural commodities. The company is also one of the largest grain merchandisers through its extensive network of logistical assets to store and transport crops around the globe. ADM also runs a nutrition business that focuses on both human and animal ingredients and is a large producer of corn-based sweeteners, starches, and ethanol.
After a thorough review of the options trading surrounding Archer-Daniels Midland, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Archer-Daniels Midland
- Trading volume stands at 2,155,870, with ADM's price up by 0.28%, positioned at $54.3.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 12 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Archer-Daniels Midland, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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