Tuesday, June 10, 2008

Buy DE (sell puts)

Buy DE via selling the Jun 72.5 puts

Deere has a $7 billion stock buy back fund, so the odds of a steep drop are extremely low, even lower than the theoretical 2.6% odds given by the ThinkorSwim analyzer. (ThinkorSwim is my broker and has their own trading software that includes a probability analyzer.)

Positions, all hedged, all June expiration
Long DE, EWZ, IWM, SPY
Short SHLD, TSL

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