Financial giants have made a conspicuous bearish move on Deere. Our analysis of options history for Deere (NYSE:DE) revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $60,720, and 8 were calls, valued at $547,760.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $360.0 to $400.0 for Deere over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $360.0 to $400.0 in the last 30 days.
Deere Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
DE | CALL | SWEEP | NEUTRAL | 03/21/25 | $33.5 | $31.45 | $31.45 | $380.00 | $126.3K | 3 | 0 |
DE | CALL | TRADE | BULLISH | 07/19/24 | $12.2 | $12.0 | $12.2 | $370.00 | $122.0K | 1.2K | 327 |
DE | CALL | TRADE | BULLISH | 07/19/24 | $11.8 | $11.65 | $11.8 | $370.00 | $105.0K | 1.2K | 123 |
DE | CALL | SWEEP | BEARISH | 12/20/24 | $17.1 | $16.9 | $16.85 | $400.00 | $45.4K | 247 | 0 |
DE | CALL | TRADE | BEARISH | 03/21/25 | $44.0 | $42.5 | $42.5 | $360.00 | $42.5K | 47 | 0 |
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.
After a thorough review of the options trading surrounding Deere, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Deere
With a volume of 604,090, the price of DE is up 1.39% at $375.25.
RSI indicators hint that the underlying stock may be approaching oversold.
Next earnings are expected to be released in 64 days.
What Analysts Are Saying About Deere
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $429.2.
Consistent in their evaluation, an analyst from DA Davidson keeps a Buy rating on Deere with a target price of $465.
An analyst from Stifel persists with their Buy rating on Deere, maintaining a target price of $450.
An analyst from JP Morgan persists with their Neutral rating on Deere, maintaining a target price of $385.
Consistent in their evaluation, an analyst from TD Cowen keeps a Hold rating on Deere with a target price of $390.
Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Deere, targeting a price of $456.
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.