A deep-pocketed investor has 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 this investor remains unknown, but such a substantial move in DE usually suggests insider knowledge. We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Deere. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 38% leaning bullish and 61% bearish. Among these notable options, 7 are puts, totaling $328,736, and 6 are calls, amounting to $358,110.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $350.0 to $380.0 for Deere over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Deere options trades today is 522.86 with a total volume of 1,044.00.
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 $350.0 to $380.0 over the last 30 days.
Deere Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DE | CALL | TRADE | NEUTRAL | 12/15/23 | $370.00 | $153.8K | 259 | 225 |
| DE | PUT | SWEEP | BEARISH | 01/19/24 | $370.00 | $70.5K | 851 | 33 |
| DE | CALL | TRADE | BEARISH | 12/15/23 | $370.00 | $60.0K | 259 | 101 |
| DE | PUT | TRADE | NEUTRAL | 01/19/24 | $370.00 | $59.4K | 851 | 33 |
| DE | CALL | SWEEP | BULLISH | 12/15/23 | $370.00 | $57.9K | 259 | 41 |
Deere's Current Market Status
- Trading volume stands at 731,749, with DE's price down -1.92%, positioned at $370.97. RSI indicators show the stock to be may be approaching oversold. Earnings announcement expected in 15 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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