Analyzing the options chain and the chart patterns of DE Deere & Company prior to the earnings report this week, I would consider purchasing the 377.50usd strike price Puts with an expiration date of 2023-12-15, for a premium of approximately $9.65. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
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DE reached $356.27 after the earnings release and the puts went up for sure more than 2X at that point, but I haven`t monitored the options chain back then.