Deep-pocketed investors have adopted a bearish 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 14 extraordinary options activities for Deere. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 28% leaning bullish and 57% bearish. Among these notable options, 7 are puts, totaling $371,834, and 7 are calls, amounting to $223,225.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $380.0 to $580.0 for Deere over the recent three months.
Analyzing 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 $380.0 to $580.0 in the last 30 days.
Deere Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DE | PUT | TRADE | NEUTRAL | 01/16/26 | $42.5 | $35.45 | $38.4 | $420.00 | $142.0K | 246 | 0 |
| DE | PUT | TRADE | BEARISH | 03/21/25 | $29.55 | $28.4 | $29.6 | $440.00 | $50.3K | 284 | 68 |
| DE | PUT | SWEEP | BEARISH | 03/21/25 | $29.4 | $27.8 | $29.4 | $440.00 | $49.9K | 284 | 26 |
| DE | PUT | TRADE | BEARISH | 03/21/25 | $23.8 | $21.7 | $23.8 | $430.00 | $49.9K | 339 | 21 |
| DE | CALL | TRADE | BULLISH | 01/16/26 | $74.05 | $72.35 | $74.05 | $380.00 | $44.4K | 233 | 6 |
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.
Following our analysis of the options activities associated with Deere, we pivot to a closer look at the company's own performance.
Present Market Standing of Deere
- With a volume of 262,526, the price of DE is up 0.64% at $420.86.
- RSI indicators hint that the underlying stock may be approaching oversold.
- Next earnings are expected to be released in 41 days.
Expert Opinions on Deere
In the last month, 3 experts released ratings on this stock with an average target price of $510.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Citigroup persists with their Neutral rating on Deere, maintaining a target price of $470. * Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Deere, targeting a price of $550. * An analyst from Jefferies downgraded its action to Hold with a price target of $510.
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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