Investors with a lot of money to spend have taken a bullish 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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with DE, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Deere.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 30%, bearish.
Out of all of the options we uncovered, 9 are puts, for a total amount of $381,751, and there was 1 call, for a total amount of $47,162.
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 $380.0 to $420.0 for Deere during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Deere's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Deere's significant trades, within a strike price range of $380.0 to $420.0, over the past month.
Deere Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DE | PUT | SWEEP | NEUTRAL | 09/20/24 | $21.7 | $21.05 | $21.05 | $390.00 | $78.0K | 462 | 15 |
| DE | CALL | SWEEP | NEUTRAL | 09/20/24 | $13.65 | $13.25 | $13.47 | $390.00 | $47.1K | 470 | 8 |
| DE | PUT | TRADE | BEARISH | 08/16/24 | $42.5 | $40.95 | $42.5 | $420.00 | $42.5K | 0 | 0 |
| DE | PUT | TRADE | BULLISH | 08/16/24 | $45.2 | $42.4 | $42.4 | $420.00 | $42.4K | 0 | 0 |
| DE | PUT | TRADE | BULLISH | 08/16/24 | $46.8 | $42.4 | $42.4 | $420.00 | $42.4K | 0 | 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 in their green and yellow livery. 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.
Having examined the options trading patterns of Deere, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Deere
- With a trading volume of 211,448, the price of DE is up by 1.42%, reaching $380.38.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 53 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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