QuantInsider
$ADM seeing some action today
Nearly $900k in November 82.5 call sweeps just as JPMorgan cuts the target to $75 and keeps it Underweight
Feels like tactical positioning after that 2.3% dip over the last 5 days
Those ask-side sweeps are around 3,500 contracts and more than triple the current open interest and just 2-3% out of the money
Could be an early signal but keep an eye on $80 with rising volume for confirmation
JPMorgan's bearish stance might cap any near-term rallies so this call flow looks more speculative than a strong trend shift
Watch for more clues
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