It’s been 14-days days since our Deere (DE) trade and it’s been a bumpy road. The stock dropped, then recovered, then dropped, then recovered, then dropped again. I’ve tried to close this trade a few times and keep barely missing it, including earlier today at more favorable pricing.
The markets are extremely weak today. Although the market’s general direction has been down, it’s been filled the several short-term rallies, so I’d rather close the trade and look for the next one.
Let’s exit DE for $5.25, giving us $125 profit on a minimum order. This works out to be an 14-day 31% return or 815% annualized.