Looking At Deere's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Deere (NYSE:DE), with a bearish stance taken by a large investor. The options scanner at Benzinga spotted 11 uncommon trades for Deere, with 9 puts and 2 calls. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The targeted price range for Deere over the last 3 months is from $420.0 to $480.0. Several financial institutions have maintained their ratings on Deere, with price targets ranging from $407 to $551.
September 18, 2023 | 3:46 pm
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NEGATIVE IMPACT
Unusual options activity observed for Deere, indicating potential volatility in the short term. The bearish stance taken by a large investor could potentially impact the stock negatively.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates that there may be significant movement in Deere's stock price in the near future. This could potentially lead to a decrease in the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100