Investors with a lot of money to spend have taken a bearish stance on Deere DE.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DE, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 15 uncommon options trades for Deere.
This isn't normal.
The overall sentiment of these big-money traders is split between 26% bullish and 73%, bearish.
Out of all of the special options we uncovered, 10 are puts, for a total amount of $764,927, and 5 are calls, for a total amount of $172,250.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $350.0 and $470.0 for Deere, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Deere options trades today is 494.55 with a total volume of 553.00.
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 $470.0 over the last 30 days.
Deere 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DE | PUT | TRADE | BEARISH | 05/17/24 | $24.15 | $22.85 | $24.0 | $420.00 | $168.0K | 568 | 80 |
| DE | PUT | SWEEP | BULLISH | 05/17/24 | $25.55 | $23.6 | $24.2 | $420.00 | $96.8K | 568 | 0 |
| DE | PUT | SWEEP | NEUTRAL | 05/17/24 | $24.15 | $21.15 | $24.15 | $420.00 | $96.6K | 568 | 40 |
| DE | PUT | SWEEP | BEARISH | 01/17/25 | $41.85 | $41.1 | $41.85 | $420.00 | $92.0K | 137 | 23 |
| DE | PUT | SWEEP | BEARISH | 06/20/25 | $23.95 | $23.25 | $23.9 | $360.00 | $86.2K | 167 | 46 |
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.
Where Is Deere Standing Right Now?
- Currently trading with a volume of 341,126, the DE's price is down by -0.05%, now at $400.4.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 28 days.
Professional Analyst Ratings for Deere
In the last month, 1 experts released ratings on this stock with an average target price of $425.0.
- An analyst from JP Morgan has decided to maintain their Neutral 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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