Deere Whale Trades For July 28

Deere Whale Trades For July 28

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 27 strange trades.

If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.

From the overall spotted trades, 16 are puts, for a total amount of $2,316,954 and 11, calls, for a total amount of $608,474.

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 $200.0 to $360.0 for Deere over the last 3 months.

Volume & Open Interest Development

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 $200.0 to $360.0 in the last 30 days.

Deere Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DE PUT TRADE NEUTRAL 01/19/24 $290.00 $315.0K 626 100
DE PUT TRADE BEARISH 01/19/24 $300.00 $308.0K 416 204
DE PUT TRADE BEARISH 03/17/23 $320.00 $297.5K 1 100
DE PUT SWEEP BEARISH 03/17/23 $320.00 $295.0K 1 200
DE PUT TRADE BEARISH 01/20/23 $320.00 $254.5K 740 205

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DE PUT TRADE NEUTRAL 01/19/24 $290.00 $315.0K 626 100
DE PUT TRADE BEARISH 01/19/24 $300.00 $308.0K 416 204
DE PUT TRADE BEARISH 03/17/23 $320.00 $297.5K 1 100
DE PUT SWEEP BEARISH 03/17/23 $320.00 $295.0K 1 200
DE PUT TRADE BEARISH 01/20/23 $320.00 $254.5K 740 205

Where Is Deere Standing Right Now?

  • With a volume of 946,923, the price of DE is up 1.52% at $330.68.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 22 days.

What The Experts Say On Deere:

  • JP Morgan has decided to maintain their Neutral rating on Deere, which currently sits at a price target of $325.
  • Oppenheimer has decided to maintain their Outperform rating on Deere, which currently sits at a price target of $365.
  • Jefferies has decided to maintain their Buy rating on Deere, which currently sits at a price target of $400.
  • Citigroup upgraded its action to Buy with a price target of $340
  • Morgan Stanley has decided to maintain their Overweight rating on Deere, which currently sits at a price target of $416.

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 want to stay updated on the latest options trades for Deere, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets