Deep-pocketed investors have adopted a bullish approach towards Deere DE, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Deere. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 43% leaning bullish and 43% bearish. Among these notable options, 5 are puts, totaling $430,610, and 11 are calls, amounting to $595,734.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $340.0 to $400.0 for Deere during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $340.0 to $400.0 in the last 30 days.
Deere Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DE | PUT | TRADE | BEARISH | 07/19/24 | $6.05 | $5.6 | $5.9 | $370.00 | $295.0K | 461 | 45 |
| DE | CALL | SWEEP | BEARISH | 03/21/25 | $35.65 | $33.9 | $33.9 | $380.00 | $102.0K | 28 | 2 |
| DE | CALL | TRADE | BEARISH | 07/05/24 | $1.49 | $1.4 | $1.4 | $395.00 | $80.3K | 16 | 150 |
| DE | CALL | SWEEP | BEARISH | 06/14/24 | $5.05 | $0.67 | $3.17 | $375.00 | $77.8K | 633 | 0 |
| DE | CALL | TRADE | NEUTRAL | 06/28/24 | $38.45 | $31.0 | $34.7 | $340.00 | $69.4K | 20 | 0 |
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.
Present Market Standing of Deere
- With a trading volume of 951,963, the price of DE is down by -0.26%, reaching $376.97.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 63 days from now.
Expert Opinions on Deere
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $444.2.
- Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Deere, targeting a price of $450.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Deere with a target price of $456.
- Maintaining their stance, an analyst from DA Davidson continues to hold a Buy rating for Deere, targeting a price of $465.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Deere, targeting a price of $385.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on Deere, which currently sits at a price target of $465.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Deere options trades with real-time alerts from Benzinga Pro.
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