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Deere & Company Shares Could Uptrend After Q3 Results: Revealing Options Activity

Published 23/11/2022, 13:18
© Reuters. Deere & Company Shares Could Uptrend After Q3 Results: Revealing Options Activity
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Benzinga - Deere & Company (NYSE: DE) is scheduled to report its quarterly results on Wednesday before the market open.

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said Deere traded 3 times its average daily volume on Tuesday. The trade implied a move of 4.8% which is close to the stock’s historical average of 4.4%, he stated.

Check out other stocks making moves in the premarket.

There were buyers of 914 of the November 25 weekly 440 calls at an average price of $1.60 per contract, Khouw mentioned. Traders expect shares of Deere & Company to rise by at least 6% by the weekly expiration, he added.

DE Price Action: Shares of Deere & Company had risen by 1.18% to close at $416.56 on Tuesday.

Now Read: Cramer Says 'Mother Of All Buying Opportunities' Coming For Oil — Points To This 'Devastating' Historical Thanksgiving Pattern

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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