we recommend selling the following put RNL GR 06/15/18 P84 Equity

The Trump Administration has floated the possibility of 25% tariffs on imported autos and auto parts and has formally launched a Section 232 national security investigation, the same process used to impose steel and aluminum tariffs. This investigation could last until May 2019, so Auto stocks could be dead money for some time, thus short put strategies are to be favoured.

Fundamentally, Renault is cheap (first chart) and our quant grades range from neutral to very bullish