Investors with a lot of money to spend have taken a bearish stance on Deere DE.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DE, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 24 uncommon options trades for Deere.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $256,993, and 19 are calls, for a total amount of $1,052,830.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $310.0 and $480.0 for Deere, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Deere's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Deere's whale trades within a strike price range from $310.0 to $480.0 in the last 30 days.
Deere Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DE | CALL | TRADE | BULLISH | 09/20/24 | $430.00 | $200.0K | 290 | 109 |
| DE | CALL | SWEEP | BULLISH | 04/19/24 | $400.00 | $121.0K | 819 | 121 |
| DE | PUT | SWEEP | BEARISH | 03/21/25 | $360.00 | $100.8K | 0 | 1 |
| DE | CALL | TRADE | BEARISH | 06/20/25 | $480.00 | $85.0K | 0 | 35 |
| DE | CALL | TRADE | BEARISH | 05/17/24 | $380.00 | $69.5K | 1.1K | 26 |
About Deere
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.
Deere's Current Market Status
- With a trading volume of 422,912, the price of DE is up by 0.47%, reaching $398.9.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 51 days from now.
What The Experts Say On Deere
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $494.0.
- An analyst from Truist Securities downgraded its action to Buy with a price target of $494.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Deere, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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