Archer-Daniels-Midland posted its Q3 results on November 3 and the market's response wiped out the call-heavy optimism that had defined positioning right up to the report. The shift in options positioning is the clearest break from the pre-earnings setup. Five days ago the put-to-call ratio sat near its 52-week low at 0.39, well below its 20-day average of 0.44. It has since moved…
ADM upgraded to Neutral by JP Morgan, target maintained at $75.
Key data as of 10 Nov 2026
ADM upgraded to Neutral by JP Morgan, target maintained at $75.
Options traders at ADM are leaning bullish even as the stock slides. The put-to-call ratio fell to 0.39 on October 20, sitting 1.81 standard deviations below its 20-day mean of 0.50. That call-heavy positioning comes…
ADM short sellers are exiting fast. That divergence — with options hedging still elevated — is the defining tension in this stock right now. Short interest in Archer-Daniels-Midland fell 28% in one week. It now stands…
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