This Is What Whales Are Betting On Deere

This Is What Whales Are Betting On Deere

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 19 strange trades.

If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.

From the overall spotted trades, 15 are puts, for a total amount of $661,890 and 4, calls, for a total amount of $307,945.

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 $250.0 to $420.0 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 277.2 with a total volume of 731.00.

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 $250.0 to $420.0 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 01/19/24 $330.00 $107.5K 157 35
DE CALL TRADE BEARISH 01/19/24 $400.00 $94.6K 991 31
DE CALL TRADE NEUTRAL 09/30/22 $250.00 $89.2K 11 0
DE CALL TRADE BEARISH 01/19/24 $400.00 $83.6K 991 54
DE PUT TRADE BEARISH 01/17/25 $400.00 $55.8K 0 44

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DE PUT TRADE BEARISH 01/19/24 $330.00 $107.5K 157 35
DE CALL TRADE BEARISH 01/19/24 $400.00 $94.6K 991 31
DE CALL TRADE NEUTRAL 09/30/22 $250.00 $89.2K 11 0
DE CALL TRADE BEARISH 01/19/24 $400.00 $83.6K 991 54
DE PUT TRADE BEARISH 01/17/25 $400.00 $55.8K 0 44

Where Is Deere Standing Right Now?

  • With a volume of 660,836, the price of DE is up 0.26% at $333.11.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 57 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