Sell DE via buying back short Jun 72.5 puts
Floods in the Midwest may mean bad news for Deere tractor sales. Even though my puts are still well out of the money, I am taking my loss while it is are still small. Another down day like today and the loss starts to loom larger.
It's been a yucky market to be sure. It is disappointing to see the entire 150 point rally given back.
Positions:
Long EWZ, IWM, SPY
Short TSL, SHLD
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