Unpacking the Latest Options Trading Trends in Deere
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Deere (NYSE:DE), with significant options trading activity indicating potential market movements. The majority of the options activity is bearish, focusing on a price range between $330.0 and $380.0. Analysts have mixed ratings on Deere, with target prices ranging from $375 to $448.
July 30, 2024 | 4:32 pm
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NEGATIVE IMPACT
Deep-pocketed investors are showing a bearish trend towards Deere (NYSE:DE) with significant options trading activity. The majority of the options activity is bearish, focusing on a price range between $330.0 and $380.0. Analysts have mixed ratings on Deere, with target prices ranging from $375 to $448.
The significant bearish options activity suggests that investors are expecting a decline in Deere's stock price. The mixed analyst ratings add to the uncertainty, but the overall sentiment from the options market is predominantly negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100