Bullish Whales Increase Options Activity on Deere Stock

Bullish sentiments are rising around Deere as traders show increased activity. Investors should watch for potential price movement as the predicted farming equipment giant targets a price range of $300.0 to $580.0.

Date: 25-03-2025

AI Rating: 6

Options Trading Sentiment

The options trading landscape for Deere (NYSE: DE) indicates a bullish sentiment among significant investors, with 43% opening bullish trades compared to 37% bearing bearish expectations. This behavior suggests a growing confidence in the stock's future performance.

Deere has observed 16 options trades, with 8 puts amounting to $525,876 and 8 calls totaling $365,920. The bullish stance is further reinforced by the anticipated price range of $300.0 to $580.0 over the next three months, indicating that notable investors expect significant price movement ahead.

Volume and open interest metrics reflect liquidity and investor interest in both calls and puts. There is notable activity from both bullish and bearish traders, particularly with options expiring on various future dates. This dynamic suggests that many traders are actively positioning themselves for upcoming price fluctuations.

Current Stock Position

Deere is currently trading at $479.96, up 1.59%. The stock's RSI readings indicate a neutral position between overbought and oversold levels. This positioning, coupled with the upcoming earnings release in 52 days, amplifies the potential for price volatility.

Analyst Ratings

Recently, an analyst downgraded Deere's rating to Neutral, establishing a price target of $501. The fact that the average price target is within the predicted trading range could suggest that investors and analysts expect similar movements in the stock price, aligning interests for bullish or cautious strategies.

Stocks: DE