Financial giants have made a conspicuous bearish move on Deere. Our analysis of options history for Deere (NYSE:DE) revealed 11 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $109,655, and 8 were calls, valued at $296,345.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $360.0 and $440.0 for Deere, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Deere stands at 258.55, with a total volume reaching 496.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Deere, situated within the strike price corridor from $360.0 to $440.0, throughout the last 30 days.
Deere Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DE | CALL | SWEEP | BULLISH | 10/18/24 | $13.5 | $13.3 | $13.5 | $410.00 | $55.3K | 461 | 44 |
| DE | PUT | SWEEP | BEARISH | 12/20/24 | $24.5 | $23.95 | $24.2 | $430.00 | $51.1K | 37 | 10 |
| DE | CALL | TRADE | BEARISH | 03/21/25 | $44.65 | $44.2 | $44.2 | $400.00 | $39.7K | 124 | 9 |
| DE | CALL | TRADE | NEUTRAL | 01/17/25 | $37.4 | $36.5 | $36.95 | $400.00 | $36.9K | 877 | 10 |
| DE | CALL | TRADE | BEARISH | 01/16/26 | $92.9 | $90.3 | $90.3 | $360.00 | $36.1K | 33 | 4 |
About Deere
Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry in their green and yellow livery. 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 trading volume of 483,962, the price of DE is up by 0.6%, reaching $419.82.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 50 days from now.
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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.
