ADM – Archer-Daniels Midland Co. – At least one options investor satisfied an appetite for Archer-Daniels Midland Co. call options right out of the gate this morning. Shares of the processor of oilseeds, corn, wheat, cocoa and other feedstuffs increased as much as 1.3% to secure an intraday high of $33.15. The stock is currently up a lesser 0.30% to stand at $32.82 as of 12:30 pm ET. More than 10,000 calls changed hands at the December $35 strike within the first 10 minutes of the trading session. One trader involved in the frenzied call activity purchased 6,799 December $35 calls at a premium of $1.00 per contract. The bullish player stands ready to make money should shares of the manufacturer of vegetable oil, flour and ethanol surge 8.6% over today’s high of $33.15 to surpass the effective breakeven price of $36.00 by expiration day in final month of 2010. The sharp rise in demand for call options on the stock lifted Archer-Daniels Midland’s overall reading of options implied volatility 6.2% to 26.68% by 12:35 pm ET.