Financial giants have made a conspicuous bearish move on Deere. Our analysis of options history for Deere DE revealed 8 unusual trades.
Delving into the details, we found 0% of traders were bullish, while 100% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $229,105, and 2 were calls, valued at $107,850.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $370.0 to $440.0 for Deere over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Deere stands at 690.71, with a total volume reaching 353.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Deere, situated within the strike price corridor from $370.0 to $440.0, throughout the last 30 days.
Deere Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DE | CALL | TRADE | NEUTRAL | 06/21/24 | $8.1 | $7.8 | $7.95 | $440.00 | $79.5K | 925 | 119 |
| DE | PUT | TRADE | BEARISH | 06/20/25 | $23.5 | $22.9 | $23.5 | $370.00 | $47.0K | 148 | 21 |
| DE | PUT | TRADE | BEARISH | 01/17/25 | $26.3 | $25.55 | $26.1 | $400.00 | $39.1K | 640 | 31 |
| DE | PUT | TRADE | BEARISH | 01/17/25 | $26.1 | $25.45 | $25.95 | $400.00 | $38.9K | 640 | 16 |
| DE | PUT | TRADE | NEUTRAL | 01/17/25 | $17.35 | $16.75 | $17.1 | $370.00 | $37.6K | 611 | 73 |
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.
After a thorough review of the options trading surrounding Deere, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Deere's Current Market Status
- Trading volume stands at 1,049,522, with DE's price down by 0.0%, positioned at $411.97.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 36 days.
Professional Analyst Ratings for Deere
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $494.0.
- In a cautious move, an analyst from Truist Securities downgraded its rating to Buy, setting a price target of $494.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Deere with Benzinga Pro for real-time alerts.
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