Deere Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Deere (NYSE:DE) with 11 unusual options trades detected. 36% of investors opened trades with bullish expectations, while 63% were bearish. Whales have been targeting a price range of $320 to $460 for Deere over the last 3 months. The stock is currently down 1.33% at $345.98, and RSI indicators suggest it may be oversold.
May 31, 2023 | 8:46 pm
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A whale has taken a bearish stance on Deere, with 11 unusual options trades detected. The stock is currently down 1.33% at $345.98, and RSI indicators suggest it may be oversold.
The article highlights a whale taking a bearish stance on Deere, with 63% of the investors having bearish expectations. This could lead to increased selling pressure on the stock, causing the price to go down in the short term. Additionally, the stock is currently down 1.33% and RSI indicators suggest it may be oversold, which further supports the negative short-term impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100