MomentumOptions.com Profit Alert (ADM) for 4/26/2021
I have a Profit Alert for one of our current trades so let’s go check the tape.
Archer Daniels Midland Company (ADM, $60.59, up $1.18)
ADM May 60 calls (ADM210521C00060000, $1.75, up $0.50)
Entry Price: $1.15 (4/16/2021)
Exit Target: $2.30
Stop Target: None
Action: Close the trade at current levels to lock-in profits.
The company will report earnings ahead of tomorrow’s opening bell and shares will likely make a move of 5%, or more, depending on the results. While there is a chance to turn this trade into a triple-digit winner, there is also risk of a disappointment if the company misses expectations or lowers its 2021 outlook. I’d rather take the sure profits than risk losing money based on this scenario.