Deere's Options Dollars Lean to Calls While Puts Lead by Contract Count, AGCO Dark Pool Volume Jumps: GTA Terminal Data for Farm Equipment Buyers (November 9-10, 2026)

Farmers and ag contractors shopping for a tractor, combine or sprayer this winter often watch the two big U.S.-listed makers, Deere and AGCO (Fendt, Massey Ferguson and Challenger). GTA Terminal data from Global Traders Academy for November 9 and 10, 2026 showed something worth a closer look in each: at Deere, more option dollars in calls but more contracts in puts; at AGCO, off-exchange volume jumping back above normal while the chart stays in a downtrend. Here is how to read those two signals and what they may mean for farm equipment buyers.

Deere: dollars say calls, contracts say puts

By about noon ET on November 10, Deere was down 1.5% at $680.95. According to GTA's November 10 options flow report on Deere, $6.3M in premium had traded: $3.7M in calls and $2.6M in puts, so 59% of the money was in calls, which GTA counts as a mixed tilt. At the same time, the put/call volume ratio was 1.72, meaning far more put contracts changed hands than call contracts.

How can both be true? Premium measures dollars and volume counts contracts. Many cheap puts and fewer, pricier calls produce exactly this pattern. It usually means some traders were buying low-cost protection while others made larger bullish bets. The guide to reading put/call ratios by contracts and by dollars walks through the difference.

The chart itself was strong: an uptrend, above the 50-day and 200-day averages, 6% below the 52-week high, with an RSI of 68. Dark-pool volume rose to 721,226 shares on November 9 (44.3% of volume), up from 382,774 on November 3. The Deere stock and data page shows how those reads change by session.

AGCO: off-exchange volume back above normal

In GTA's November 10 report on AGCO's dark-pool trading, 434,688 shares traded away from the public exchanges on November 9, 1.3 times the stock's 20-session average and 43.3% of the day's volume. That was more than double the 182,927 shares of November 6. In the latest options scan, 72% of AGCO premium went into calls. The chart was still in a downtrend, below its 50-day and 200-day averages and 22% below the 52-week high, with an RSI of 60.

What it means for farm equipment buyers

• Deere pricing stays firm. A stock near its highs in an uptrend, with more call dollars than put dollars, does not point to a demand slump. Buyers of green equipment should not expect deep discounts, though year-end dealer programs still matter.

• Protection is being bought. The high contract count in puts shows some investors are hedging. If crop prices or farm income disappoint, that caution could show up in dealer inventories next season.

• AGCO is a possible turn, not a sure one. Rising off-exchange volume and call-heavy options in a downtrend can mark early buying. For Fendt and Massey buyers, dealer deals may be better now than after any recovery.

• Time your purchase around the season. Winter is when many farms finance equipment for spring. Locking a rate and payment schedule now removes one variable.

For earlier ag-equipment data, see our posts on Deere's call-heavy week and put swing and on CNH Industrial after earnings and AGCO's put lean.

A word of caution

Options and dark-pool data are a signal, not a guarantee. Off-exchange volume does not show whether shares were bought or sold, and a mixed options read carries little direction. These are November 9 and 10 figures and will change. This is market context, not investment advice. This dark pool tracker follows every U.S. stock and ETF each session.

The bottom line

Deere drew 59% of its November 10 option dollars in calls while puts led by contract count, a mix of bullish bets and cheap hedges on a strong chart. AGCO's dark-pool volume rose to 1.3 times normal on November 9 with call-heavy options, inside a downtrend. Farm buyers face firm Deere pricing and a possible, unconfirmed turn at AGCO.

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