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Hawk’s Nest

Agriculture Leader Sees Confident Long Term Bull Expect More

by | Nov 1, 2022

Archer Daniel (ADM) buyer 500 January 2024 $125 calls OTM at $5.10 offer as the stock nears the 100 level and new 52 week highs. ADM has been flying since early October on grain market strength and this long term buyer looks to be expecting continuation further abvoe 100 from here and possibly a parabolic move. Weekly MACD with the recent bull cross confirming the strength from the trendline breakout as well.