A whale with a lot of money to spend has taken a noticeably bearish stance on Deere.
Looking at options history for Deere DE we detected 63 strange trades.
A whale with a lot of money to spend has taken a noticeably bearish stance on Deere.
Looking at options history for Deere DE we detected 63 strange trades.
If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 32 are puts, for a total amount of $1,566,651 and 31, calls, for a total amount of $2,210,744.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $335.0 to $520.0 for Deere over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Deere options trades today is 425.91 with a total volume of 6,581.00.
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 $335.0 to $520.0 over the last 30 days.
Deere Option Volume And Open Interest Over Last 30 Days
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DE | CALL | TRADE | NEUTRAL | 03/18/22 | $395.00 | $185.8K | 2.1K | 336 |
| DE | PUT | SWEEP | BEARISH | 03/18/22 | $370.00 | $112.1K | 486 | 188 |
| DE | CALL | SWEEP | BEARISH | 01/20/23 | $390.00 | $86.2K | 686 | 50 |
| DE | PUT | SWEEP | BEARISH | 03/18/22 | $370.00 | $84.7K | 486 | 285 |
| DE | CALL | SWEEP | BEARISH | 04/14/22 | $450.00 | $80.7K | 500 | 217 |
- With a volume of 3,808,093, the price of DE is down -3.71% at $375.61.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 74 days.
- JP Morgan has decided to maintain their Underweight rating on Deere, which currently sits at a price target of $355.
- Oppenheimer has decided to maintain their Outperform rating on Deere, which currently sits at a price target of $432.
- Deutsche Bank has decided to maintain their Hold rating on Deere, which currently sits at a price target of $417.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
