ADM is ready to bounce up

ADM - Archer Daniels Midland Co. is one of world's major traders in agricultural commodities. It's a stable company with good valuation and solid dividends not like some tech high flyers with outrageous P/S, propelled  to the upside mostly by hype, short squeezes and institutional buying.

Also, what I like about AMD it's high liquidity of options.

On 05/07/2020, Thursday, I went long on May 22nd $36.5 strike call options with average price $40 per contract after I realized that this stock short term oversold below $35 and is ready to bounce to the upside and hopefully start it's bull run toward ex-dividend date which is on 5/19/2020 . 

My risk is pretty low and limited, even if I will be wrong with my prediction, but if I am right, reward could be substantial in range of 100-300 % or even more, if ADM "decides" to go on "rocket ride" for some reason, like interest from institutional buyers ...?
 

Screen shot from bigcharts.com

AIG Call Option $25 Strike May15

AIG Call Option to buy at $25 Strike with Expiration May 15th, for total cost $95.

Reasons for buying this Call are coming earnings on May 8th , tight trading range, good technical base, stock is oversold, gap around $30, possible recent buyback which could affect earnings on plus.

Cons: overall market looks bearish, current  Covid 19 lock down will affect rest of the year with shrinking revenues and earnings in multiple sectors,.... but this bearish sentiment could also mean high short interest in the market, which could prevent stocks to go south any time soon.

Neutral observations: High institutional ownership at 93.4 %, Low short interest at 1.64 %

This transaction was Open on Friday 4/24/2020

 charts by Bigcharts.com

Picture by MarketChameleon.com

First Successful Covered Call option trade

WZ options first successful trade:

April 03-2020 $210 strike at $4.70 C

C Trade, Slightly out of the money.

Short term covered call option for quick income.
04/03 expiration, sold when DIA was trading at $209.50  for $210 strike at $4.70 premium with expiration 2 days away.

If DIA closes below $210 on 04/03 this option will expire worthless, I will pocket $470 premium and retain stock for roll over.
If DIA closes above $210, I will keep $470 premium, option will get exercised at $210 . total profit on this transaction will be about 2.25% within 2 days........ to read more, please visit link below at:

April 3rd Covered Call at strike $210


Picture by MarketChameleon.com

Uber Drivers are going on Strike

Uber Drivers are Going on Strike

picture by media.cmgdigital.com

"UberX drivers turn in company phones, effectively going on strike

by Graham Johnson

SEATTLE — 
More than a hundred Seattle UberX drivers turned in their company cellphones on Wednesday, effectively going on strike because of a pay dispute with the company.
Drivers are upset about Uber's 20 percent fare cut earlier this month and say it is making it more difficult for them to earn a living.
Because they are independent contractors, Uber drivers cannot unionize. But they have formed the Seattle Ride-Share Drivers Association to collectively pressure the company.
City Councilmember Kshama Sawant spoke at a meeting in support of the drivers Wednesday.
The attorney representing the association told KIRO 7 Uber drivers are paid 80 percent of the fare, and when the company reduced the price, drivers have been forced to work longer hours for the same pay.
The company told KIRO 7 it has more than 1,000 in the Seattle area........"

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San Francisco Bay Area Rapid Transit workers go on strike

BART strike a moneymaker for ride-sharing services and taxi apps

From MercuryNews.com

SAN FRANCISCO -- The BART strike that unleashed chaos on Bay Area highways Monday has become a business opportunity for ride-sharing and carpooling services and taxi-hailing apps, which have stepped in to help stranded commuters get to work.

Bay Area ride services Uber, Lyft and Sidecar jumped on social media networks over the weekend, as a strike began to look imminent, to recruit commuters who needed to get to work. Early Monday morning they filled the roads with their drivers, and the calls came in. By 9:30 a.m. Monday, Sidecar had seen a 40 percent increase in rides over the previous Monday, and had increased the number of drivers on the road by 50 percent to keep up with growing demand, said Margaret Ryan, vice president of communications.

Public transit strikes are a marketing opportunity for these ride-sharing companies. Uber, which uses an app to dispatch black town cars, taxis and low-cost rides in hybrids or small cars, said it planned to visit some BART stations during the strike to recruit commuters without a ride. The company offered free rides in Boston when one of the city's mostly highly used rail lines shut down for several weekends in late 2011 and early 2012.

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