Market Whales and Their Recent Bets on Deere Options

Deep-pocketed investors have 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 these investors remains unknown, but such a substantial move in DE usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Deere. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 45% leaning bullish and 54% bearish. Among these notable options, 2 are puts, totaling $77,718, and 9 are calls, amounting to $418,373.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $370.0 to $390.0 for Deere over the last 3 months.

Analyzing Volume & Open Interest

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 $370.0 to $390.0 in the last 30 days.

Deere Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

Current Position of Deere

• With a trading volume of 642,983, the price of DE is up by 0.01%, reaching $380.25.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 63 days from now.

What Analysts Are Saying About Deere

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $433.2.

• In a cautious move, an analyst from Truist Securities downgraded its rating to Buy, setting a price target of $494.
• Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on Deere with a target price of $387.
• An analyst from Citigroup persists with their Buy rating on Deere, maintaining a target price of $435.
• An analyst from Wells Fargo persists with their Overweight rating on Deere, maintaining a target price of $425.
• An analyst from Stifel has decided to maintain their Buy rating on Deere, which currently sits at a price target of $425.

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.