Sell AGCO Put for Slight Loss
Sell to close the November 16, 2018 put on Agco Corporation (NYSE:AGCO) with a strike price of $55 at $1.90 or higher for a 10% loss. Symbol (AGCO181116P55)
The time value on these puts will evaporate quickly as we start the new expiration cycle. I still like the bearish farm trade but am looking for companies with more domestic exposure. AGCO’s results have been helped by international orders, where inventory is much older and in need of replacement.
The other two legs of this bearish farm trade did better, Lindsay (NYSE: LNN) puts gained 11% and the Titan Machinery (NSDQ: TITN) rose 30%.
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MODERATOR: Lisa G
I sold mine last week for close to what I paid.
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Daniel Long
AGCO Nov 16 55 P closed at Fidelity for $1.80.
Thanks.
DL
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Rick Micoli
Closed for 1.79 credit.
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Michael D
ditto to Lisa, sold last week for a small loss.
thanks for trying.
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DJ
I sold mine at 2.52 last Friday on TDA. I got lucky and I made money, because since the alert went out I bought few more when that option was available at really low price (0.80).
Thnaks Linda,
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JoeJB
Actually this trade worked out pretty well for me. I bought on 6/28 for $2.05 and sold on 8/15 for $2.25. Then bought again on 8/28 for $0.85 and sold yesterday for $1/90. Overall a nice $1.25 gain based on timing. The idea was good just a timing thing.
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Phil L.
Worked well for me too. I lost on the 55 puts but made double that on the 60 puts
Thank you Linda
Phil
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MarkS
current price is ~ $1.50, nowhere near the recommended $1.90. . .
Linda McDonough
These puts are trading around $1.90 today (10/18) if you missed a fill previously.
Best,
Linda
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Steve S.
AGCO closed out at $1.80, Schwab.
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Anthony M
Whew, just got out at $2.45, got in at $1.95. Worked out OK, but a bit of a roller coaster.
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