Scott Nations Recommends An Option Strategy In Archer Daniels Midland Company (ADM)

Scott Nations said on CNBC's Fast Money that investors should consider a protection in Archer Daniels Midland Company ADM. He thinks that the best way to do that is by buying the December 28 put for $1.15. He used a strike of $28, because he thinks that a big move lower could be possible if the things change in agriculture. Tim Seymour thinks that Archer Daniels Midland Company (ADM) can hold its gains, but you got to be careful because agricultural stocks have already moved. Archer Daniels Midland Company (ADM) added 0.03% today, and closed at $30.64.