Deere shares are up $2.10 to $66.60, a new 52-week high and option volume is 3x the daily average driven a Sep. 65 – 67.5 strangle, which traded 3,710 contracts on ISE at $5.09. ISEE sentiment data indicate that both legs are opening customer buyers and therefore a volatility play on the farm equipment and machine maker. It might be a play on earnings, due Aug 18. Shares are up and implied volatility down about 2.5 percent to 34 today, as corn, wheat and soybeans all see sharp rallies Friday.