Looking At Deere's Recent Whale Trades

Looking At Deere's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Deere DE.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, 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 this whale just did?

Today, Benzinga's options scanner spotted 11 uncommon options trades for Deere.

This isn't normal.

The overall sentiment of these big-money traders is split between 18% bullish and 81%, bearish.

Out of all of the special options we uncovered, 9 are puts, for a total amount of $488,386, and 2 are calls, for a total amount of $87,200.

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 $320.0 to $380.0 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 389.62 with a total volume of 719.00.

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 $320.0 to $380.0 over 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 BEARISH 12/16/22 $380.00 $123.0K 304 0
DE PUT SWEEP BEARISH 10/21/22 $350.00 $78.6K 324 41
DE PUT SWEEP BULLISH 12/16/22 $330.00 $55.6K 560 25
DE PUT TRADE BEARISH 12/16/22 $380.00 $49.2K 304 35
DE PUT TRADE BULLISH 12/16/22 $330.00 $44.5K 560 45

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DE PUT TRADE BEARISH 12/16/22 $380.00 $123.0K 304 0
DE PUT SWEEP BEARISH 10/21/22 $350.00 $78.6K 324 41
DE PUT SWEEP BULLISH 12/16/22 $330.00 $55.6K 560 25
DE PUT TRADE BEARISH 12/16/22 $380.00 $49.2K 304 35
DE PUT TRADE BULLISH 12/16/22 $330.00 $44.5K 560 45

Where Is Deere Standing Right Now?

  • With a volume of 212,531, the price of DE is up 1.19% at $338.19.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 58 days.

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