Whales with a lot of money to spend have taken a noticeably bullish stance on Deere.
Looking at options history for Deere DE we detected 23 trades.
If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 43% with bearish.
From the overall spotted trades, 14 are puts, for a total amount of $611,759 and 9, calls, for a total amount of $395,610.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $360.0 to $390.0 for Deere over the last 3 months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Deere stands at 376.25, with a total volume reaching 2,657.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Deere, situated within the strike price corridor from $360.0 to $390.0, throughout the last 30 days.
Deere Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DE | PUT | SWEEP | BEARISH | 03/15/24 | $370.00 | $52.5K | 865 | 165 |
| DE | PUT | SWEEP | BULLISH | 03/15/24 | $370.00 | $51.2K | 865 | 50 |
| DE | CALL | TRADE | BEARISH | 06/21/24 | $360.00 | $51.1K | 101 | 70 |
| DE | PUT | TRADE | BULLISH | 03/15/24 | $370.00 | $50.8K | 865 | 0 |
| DE | PUT | TRADE | BULLISH | 06/21/24 | $360.00 | $49.5K | 394 | 257 |
About Deere
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. 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
- With a trading volume of 1,141,331, the price of DE is up by 0.91%, reaching $363.3.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 79 days from now.
Professional Analyst Ratings for Deere
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $375.0.
- An analyst from Canaccord Genuity persists with their Hold rating on Deere, maintaining a target price of $375.
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.
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