Investors in Deere & Co. (NYSE: DE) have the opportunity to explore new options contracts expiring in June 2027, available as of today. Notable contracts include a put option at a $580 strike price with a current bid of $61, which could lower the effective purchase price of DE shares to $519.04, offering a potential 10.52% return if it expires worthless. The likelihood of this occurrence is approximately 61%.
On the calls side, there is a $620 strike price option with a bid at $70. Selling this covered call could yield a total return of 17.54% if the stock is called away by expiration. The odds of this contract expiring worthless sit at around 47%. The current trading price for DE shares is $587.04, reflecting a 1% discount for the put option and a 6% premium for the call option compared to the stock’s value.
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