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Friday, July 29, 2022

Options trade: Archer Daniels Midland Co (ADM) bullish trade

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FREE OPTIONS TRADING LESSONS HERE.


7/13/2022

sell -1 July 29, 2022 $66 put at $0.60

  • prob ITM = 17.65%
  • ADM = $72.80
  • earnings on July 26 before market open
  • oversold
  • 16 DTE


7/29/2022 (Expiration)

ADM closed at $82.77

My short put expired perfectly

PROFIT:  $60