Sell ADM Archer Daniels Midland
Buy the Aug 40 call
Stock acting poorly after earnings two days ago (3-month-chart). A retest of 40 looks possible and that would take away almost the profit from my buy/write. Again, this market is so difficult, I am taking my profit while it is here.
Also in the news, SBUX Starbucks is the big name bombshell of the day with disappointing same store sales.
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