I failed to get filled when rolling this position yesterday.
music selection: “Gemini” — Slayer
ADM has sort of languished recently. It is a stock with a great future because China and India will consume more grain per capital over the next decade as roughly a billion people ascend from poverty to the Middle Class. I am seeing some short term pain however.
I sold ADM171124C00045000 for 58 cents a share. The trade will be in force for 39 days and yields 12.06% annualized. Overall, the position in ADM is now up 220 dollars. That is about 2.44% gross and 6.80% annualized. Life isn’t so bad when a meager profit represents one of your “failures” as an investor.
Some of you may have noticed the site was down briefly. Word from my hosting provider is the server was subject to a DDoS attack from the Ukraine. These things happen from time to time.
Devour your prey raptors!