Sell to close the September 21, 2018 put on Titan Machinery (NSDQ:TITN) with a strike price of $17.50 at $2.85 or higher. Symbol (TITN180921P17.5)

Farm equipment competitor AGCO reported a good quarter earlier this week and noted distributors seemed nervous about how tariffs would impact customer demand but had yet to cut orders. I suggest holding on to the AGCO puts as they don’t expire until November.

However, the Titan puts expire in September and while investor sentiment might take another dip between now and then, I suggest booking the almost 30% gain.