Central Pacific Bank Trust Division raises its Deere stake by 19%
The institutional buying aligns with the options market's call-heavy lean, but no new large options positions opened to amplify that conviction.
Defense World · 10/06
Undercurrent · Money-flow snapshot
DE Max Pain, Dark Pool & Options Flow
DE max pain for the Oct 9, 2026 expiry is $680, from the Tue Oct 6 options chain. The last price, $682.79, is 0.4% above it. Call wall $760 · put floor $650.
What the institutional money is doing on DE right now — dark pool, options positioning, and where the news and the money disagree. Free.
The money right now
Dark pool share
38.5% (market avg 51%)
Dark pool volume vs its norm
0.6×
Short share of that
62.5% (norm 67%)
Price
$682.79
Max pain
$680
Oct 9 exp
Call wall
$760
Oct 9 exp
Put floor
$650
Oct 9 exp
Put/Call ratio
0.59
Squeeze pressure
28
Dark pool share: Off-exchange volume was quiet at 0.6× its norm
Off-exchange prints never touch the public book, so they move size without moving the quote. That is the point of using them. Large players were quiet in this name that day. The share (38.5%) may look normal, but the absolute size behind it was thin.
Source: FINRA · Tue 10/6 close
What it means: DE shows a call-heavy lean in both standing positions and recent trading flow, with modest off-exchange activity running below its own 20-day norm and short-selling pressure lighter than average—a posture consistent with cautious optimism, though no new options positions have opened to confirm institutional conviction. The stock sits just above max pain ($680) with room to the call wall at $760, and squeeze pressure is low.
News vs the money
⚡ DIVERGENCEPark National Corp OH cuts its Deere holding by 7.5%
This trim contradicts the call-heavy options positioning and recent price strength, suggesting mixed institutional sentiment.
Defense World · 10/05
Kubota or Deere: which farm-equipment stock offers better value now?
No new options positioning data available to assess whether the market is pricing Deere as the better value.
Zacks Investment Research · 10/05
Deere outpaced the market today, up 2.96%
The price gain aligns with the call-heavy options flow, though low squeeze pressure and below-average off-exchange volume suggest the move lacks institutional urgency.
Zacks Investment Research · 10/02
Wall Street analysts view Deere as a good investment
Analyst optimism matches the call-heavy options lean, but the absence of new large options positions suggests institutions are not rushing to act on that view.
Zacks Investment Research · 10/01
See it live, free
Get Undercurrent — the news behind the money →Add DE to My Watchlist in the free SIGNUM HQ app (iPhone · Android) →New to this? Why'd It Move? turns today's move into a 60-second lesson →What is a “divergence”?
A divergence is when the news narrative and the institutional money flow point in opposite directions — a bearish headline while large call premium is bought, or heavy dark-pool selling under a bullish story. It signals the crowd and the desks may disagree.
How to read these numbers
Dark-pool volume — The share of trading executed off-exchange, at wholesalers and dark pools. About half of all US share volume prints there on an ordinary day, so the level by itself says almost nothing. What carries information is the distance from this name’s own recent norm, and whether the off-exchange size ran above its usual.
Off-exchange short share — How much of that off-exchange volume was sold short. The median across all listed names is about 49%, because wholesalers filling retail buy orders sell short and cover later. A reading near half is plumbing, not a bearish vote — compare it to the same name’s own 20-day norm.
Max pain — The price where the most options expire worthless — positioning often gravitates toward it near expiry.
Call wall / Put floor — Strikes with the heaviest call/put open interest — they often act as short-term resistance and support.
Put/Call ratio — Below ~0.7 leans bullish (more calls); above ~1 leans defensive (more puts).
Nearby tickers
Today’s off-exchange leaders → · See all tickers →Today’s rankings — what broke from normal
Learn the numbers