Here is my position for John Deere.
https://preview.redd.it/2b8r2icsonte1.png?width=817&format=png&auto=webp&s=00284461941ebf7236521c63e7ceef7b568654bb
05/16 Expiry.
350.00 Put
4.59 each
14 qty
Why?
I think this will be the best China play if Trump does add an additional 50% tariffs for Chinese imports.
$DE is that evil company that lost the right to repair suit.
Also, in 2022 the US exported more than 35B in value for agriculture to China.
So if the trade war with China continues, US farmers will not only have to pay more for farming equipment, but they will also lose the ability to sell their GMO franken-crops to the number 1 export trade partner for agriculture.
2022 data below.
https://preview.redd.it/cwyp6bldpnte1.png?width=862&format=png&auto=webp&s=df11b95bf4662dd300092b594edf27bc15c0626f
Why am I not using more recent 2023 or 2024 data?
Because I am a regard and it really doesn't matter.
2022 is good enough.
I purposefully picked the expiration past earnings.
It is my utmost belief that neither Trump nor Pooh will back down.
Also, the chart tells me $DE will go down to $280 at a very minimum before this is all said and done.
https://preview.redd.it/i9yeq1oeqnte1.png?width=1927&format=png&auto=webp&s=7127e7681e8ebdbba3c53a933fd7538372658ceb
This stock is also teetering off the 200sma daily.
Not much support if the bottom falls out.
My port is crippled, but this is my comeback play.