Investors with a lot of money to spend have taken a bearish stance on Archer-Daniels Midland ADM.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ADM, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Archer-Daniels Midland.
This isn't normal.
The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $159,303, and 7 are calls, for a total amount of $430,092.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $65.0 for Archer-Daniels Midland over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Archer-Daniels Midland's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Archer-Daniels Midland's significant trades, within a strike price range of $45.0 to $65.0, over the past month.
Archer-Daniels Midland Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| ADM | CALL | TRADE | BULLISH | 01/17/25 | $45.00 | $124.1K | 1.5K | 100 |
| ADM | PUT | SWEEP | BEARISH | 07/19/24 | $62.50 | $72.3K | 2 | 78 |
| ADM | CALL | SWEEP | BEARISH | 05/17/24 | $52.50 | $67.6K | 84 | 1 |
| ADM | CALL | SWEEP | BEARISH | 06/21/24 | $60.00 | $66.2K | 5.5K | 398 |
| ADM | CALL | TRADE | BULLISH | 06/21/24 | $52.50 | $65.7K | 756 | 230 |
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.
Having examined the options trading patterns of Archer-Daniels Midland, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Archer-Daniels Midland
- With a volume of 1,769,515, the price of ADM is up 0.64% at $54.59.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 4 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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