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 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 0% of the investors opened trades with bullish expectations and 100% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $380,403 and 2, calls, for a total amount of $103,783.
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 $390.0 to $420.0 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 240.8 with a total volume of 1,170.00.
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 $390.0 to $420.0 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 | CALL | SWEEP | BEARISH | 12/15/23 | $420.00 | $61.2K | 235 | 12 |
| DE | PUT | TRADE | BEARISH | 11/17/23 | $420.00 | $50.0K | 340 | 1 |
| DE | PUT | SWEEP | BEARISH | 12/15/23 | $420.00 | $49.4K | 294 | 45 |
| DE | PUT | TRADE | BEARISH | 03/15/24 | $410.00 | $47.7K | 23 | 201 |
| DE | PUT | TRADE | BEARISH | 03/15/24 | $410.00 | $47.7K | 23 | 235 |
Where Is Deere Standing Right Now?
- With a volume of 433,194, the price of DE is down -0.78% at $411.2.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 77 days.
What The Experts Say On Deere:
- Stifel has decided to maintain their Buy rating on Deere, which currently sits at a price target of $460.
- UBS has decided to maintain their Neutral rating on Deere, which currently sits at a price target of $408.
- Credit Suisse has decided to maintain their Outperform rating on Deere, which currently sits at a price target of $551.
- JP Morgan has decided to maintain their Neutral rating on Deere, which currently sits at a price target of $380.
- Oppenheimer has decided to maintain their Outperform rating on Deere, which currently sits at a price target of $458.
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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