Financial giants have made a conspicuous bearish move on Deere. Our analysis of options history for Deere DE revealed 10 unusual trades.
Delving into the details, we found 20% of traders were bullish, while 80% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $288,000, and 2 were calls, valued at $185,470.
Predicted Price Range
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 $400.0 for Deere over the last 3 months.
Volume & Open Interest Trends
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 $360.0 to $400.0 in the last 30 days.
Deere Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DE | CALL | TRADE | BEARISH | 01/19/24 | $390.00 | $153.0K | 2.0K | 1 |
| DE | PUT | SWEEP | BULLISH | 03/15/24 | $400.00 | $48.9K | 590 | 111 |
| DE | PUT | SWEEP | BEARISH | 01/19/24 | $397.50 | $46.3K | 7 | 0 |
| DE | PUT | TRADE | BEARISH | 03/15/24 | $400.00 | $45.2K | 590 | 25 |
| DE | PUT | SWEEP | BEARISH | 03/15/24 | $400.00 | $39.1K | 590 | 61 |
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.
Where Is Deere Standing Right Now?
- With a volume of 132,278, the price of DE is up 0.48% at $389.11.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 57 days.
Professional Analyst Ratings for Deere
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $380.0.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Deere with a target price of $385.
- Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Hold rating for Deere, targeting a price of $375.
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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