Carter Worth And Mike Khouw's Deere & Company Trade

Craig Jones

Sat, Aug 8, 2020, 10:34 AM1 min read

In this article:

On CNBC's "Options Action," Carter Worth spoke about Deere & Company (NYSE: DE) from a technical standpoint. He said that the stock is trading close to its resistance and he expects it to break out on the upside and move to $200 after earnings.

Deere & Company is going to report earnings on August 21, before the market opens and Mike Khouw wants to use options to make a bullish bet. He wants to sell the August $195 call for $1.10 and buy the September $185 call for $6.75. Total cost for the trade is $5.65. If the stock rallies above $195 on the earnings day, Khouw's maximal profit is going to be $4.35.

If the stock trades below $195 at the August 21 expiration, the short call is going to expire worthless and the breakeven price for the long call is going to be $190.65.

See more from Benzinga

China Is Front and Center of Gold’s Record-Breaking Rally
(Bloomberg) -- Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer of the precious metal, is front and center of the extraordinary ascent.Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsChina Is Front and Center of Gold’s Record-Breaking RallyTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareThe Fed’s
Bloomberg•1d ago
California McDonald's Franchise Owner Says, 'The Focus Is On Survival' With 'Unprecedented' $20 Per Hour Minimum Wage Forcing Higher Prices
In response to California's new $20 minimum wage law, fast food franchises are being forced to rethink their business strategies to stay afloat. Scott Rodrick, who owns 18 McDonald's franchises in the state, is considering measures to manage the increased labor costs without resorting to layoffs, which he sees as a last resort. Don't Miss: 82% of Americans aren’t using this government secured 5% passive income stream, are you one of them? The average American couple has saved this much money for
Benzinga•17h ago
Exclusive-China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
A Reuters review of hundreds of tender documents shows 10 Chinese entities acquired advanced Nvidia chips embedded in server products made by Super Micro Computer Inc., Dell Technologies Inc. and Taiwan's Gigabyte Technology Co Ltd after the U.S. on Nov. 17 expanded the embargo to subject more chips and countries to licensing rules. Specifically, the servers contained some of Nvidia's most advanced chips, according to the previously unreported tenders fulfilled between Nov. 20 and Feb. 28.
Reuters•6h ago
Former House Speaker Nancy Pelosi Can't Stop Buying the 1 Artificial Intelligence (AI) Stock Billionaires Have Been Eager to Sell
Though this highflying stock is making Nancy Pelosi and her venture capitalist husband richer, more than a half-dozen billionaires have sent it to the chopping block.
Motley Fool•1d ago
Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters
Sam Bankman-Fried has inked a settlement agreement with a group of FTX customers who have agreed to drop their class action lawsuit against him in exchange for his help going after celebrity promoters of the collapsed exchange.
CoinDesk•18h ago
Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says
Bank of America said Apple could announce a 5% dividend increase and $90 billion share buyback program when it releases earnings next week.
Business Insider•11h ago
Why the Magnificent 7's 'momentum is collapsing'
Six of the largest tech companies are expected to see earnings growth slow over the next year, leaving room for other companies to lead the next leg of the stock market rally, UBS analysts say.
Yahoo Finance•3h ago
2 Artificial Intelligence (AI) Stocks That Could Fall 19% and 65%, According to a Pair of Wall Street Analysts
AI stocks have soared over the last year, but these two could be at risk of a sell-off.
Motley Fool•16h ago
This Is Hands Down My Pick for the Best "Magnificent Seven" Stock Right Now. (Hint: It's Not Nvidia.)
The "Magnificent Seven" garner a lot of hype in artificial intelligence (AI). But one company sticks out thanks to savvy investments and strong financials.
Motley Fool•3h ago
It's Time to Ditch These 2 "Magnificent Seven" Stocks and Replace Them With 2 Bona Fide Outperformers
Among Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta Platforms, and Tesla, there are two former highfliers that are no longer magnificent.
Motley Fool•1d ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Carter Worth And Mike Khouw's Deere & Company Trade

Recommended Stories

China Is Front and Center of Gold’s Record-Breaking Rally

California McDonald's Franchise Owner Says, 'The Focus Is On Survival' With 'Unprecedented' $20 Per Hour Minimum Wage Forcing Higher Prices

Exclusive-China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

Former House Speaker Nancy Pelosi Can't Stop Buying the 1 Artificial Intelligence (AI) Stock Billionaires Have Been Eager to Sell

Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters

Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says

Why the Magnificent 7's 'momentum is collapsing'

2 Artificial Intelligence (AI) Stocks That Could Fall 19% and 65%, According to a Pair of Wall Street Analysts

This Is Hands Down My Pick for the Best "Magnificent Seven" Stock Right Now. (Hint: It's Not Nvidia.)

It's Time to Ditch These 2 "Magnificent Seven" Stocks and Replace Them With 2 Bona Fide Outperformers