Market Whales and Their Recent Bets on Deere Options

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 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 10 uncommon options trades for Deere.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 40%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $524,201, and 4 are calls, for a total amount of $397,045.

Projected Price Targets

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 $470.0 for Deere during the past quarter.

Insights into Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Deere's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Deere's substantial trades, within a strike price spectrum from $380.0 to $470.0 over the preceding 30 days.

Deere Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

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.

In light of the recent options history for Deere, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Deere's Current Market Status

• Trading volume stands at 472,087, with DE's price up by 0.25%, positioned at $427.05.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 56 days.

What The Experts Say On Deere

In the last month, 5 experts released ratings on this stock with an average target price of $474.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Deere, targeting a price of $538. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on Deere, which currently sits at a price target of $450. * An analyst from JP Morgan persists with their Neutral rating on Deere, maintaining a target price of $450. * An analyst from Citigroup has decided to maintain their Neutral rating on Deere, which currently sits at a price target of $470. * An analyst from UBS persists with their Neutral rating on Deere, maintaining a target price of $462.

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.