A whale with a lot of money to spend has taken a noticeably bearish stance on Deere.
Looking at options history for Deere DE we detected 18 strange trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $713,075 and 8, calls, for a total amount of $337,981.
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 $380.0 to $480.0 for Deere over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Deere options trades today is 223.22 with a total volume of 1,699.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Deere's big money trades within a strike price range of $380.0 to $480.0 over the last 30 days.
Deere Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DE | PUT | TRADE | BULLISH | 01/19/24 | $400.00 | $236.8K | 499 | 102 |
| DE | PUT | TRADE | BULLISH | 09/15/23 | $410.00 | $71.6K | 702 | 0 |
| DE | PUT | SWEEP | BULLISH | 09/15/23 | $410.00 | $69.8K | 702 | 36 |
| DE | CALL | SWEEP | BEARISH | 07/07/23 | $385.00 | $64.8K | 30 | 68 |
| DE | PUT | SWEEP | BEARISH | 09/15/23 | $410.00 | $54.9K | 702 | 111 |
Where Is Deere Standing Right Now?
- With a volume of 652,192, the price of DE is up 0.32% at $406.48.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 46 days.
What The Experts Say On Deere:
- BMO Capital has decided to maintain their Market Perform rating on Deere, which currently sits at a price target of $425.
- Canaccord Genuity downgraded its action to Buy with a price target of $530
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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