Archer-Daniels Midland Unusual Options Activity For June 08
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Archer-Daniels Midland (NYSE:ADM) with a bearish stance. Benzinga's options scanner spotted 17 options trades, with 29% bullish and 70% bearish sentiment. Whales have been targeting a price range of $67.5 to $77.5 for ADM over the last 3 months.
June 08, 2023 | 7:04 pm
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Archer-Daniels Midland (NYSE:ADM) experiences unusual options activity with a bearish stance. Whales have been targeting a price range of $67.5 to $77.5 for ADM over the last 3 months.
The unusual options activity with a predominantly bearish sentiment suggests that big-money traders expect the stock price to decline in the short term. This could be due to potential negative news or events that may impact the company's stock price. The targeted price range of $67.5 to $77.5 by whales further supports this bearish outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100