Investors with a lot of money to spend have taken a bullish stance on D.R. Horton DHI.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DHI, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for D.R. Horton.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $293,862, and 5 are calls, for a total amount of $271,437.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $145.0 and $150.0 for D.R. Horton, spanning the last three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for D.R. Horton's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across D.R. Horton's significant trades, within a strike price range of $145.0 to $150.0, over the past month.
D.R. Horton Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DHI | PUT | SWEEP | BULLISH | 07/19/24 | $6.6 | $6.5 | $6.5 | $145.00 | $116.3K | 505 | 179 |
| DHI | PUT | SWEEP | BEARISH | 07/19/24 | $7.1 | $6.8 | $7.1 | $145.00 | $91.6K | 505 | 429 |
| DHI | PUT | SWEEP | BEARISH | 07/19/24 | $7.1 | $6.8 | $7.1 | $145.00 | $85.9K | 505 | 179 |
| DHI | CALL | SWEEP | BULLISH | 06/21/24 | $2.0 | $1.85 | $2.0 | $150.00 | $59.8K | 1.2K | 2.4K |
| DHI | CALL | SWEEP | BULLISH | 06/21/24 | $2.1 | $1.75 | $2.1 | $150.00 | $59.7K | 1.2K | 2.1K |
About D.R. Horton
D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.
Having examined the options trading patterns of D.R. Horton, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is D.R. Horton Standing Right Now?
- Trading volume stands at 498,817, with DHI's price up by 0.55%, positioned at $144.66.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 43 days.
Professional Analyst Ratings for D.R. Horton
2 market experts have recently issued ratings for this stock, with a consensus target price of $179.5.
- Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Outperform rating for D.R. Horton, targeting a price of $178.
- An analyst from Citigroup persists with their Buy rating on D.R. Horton, maintaining a target price of $181.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for D.R. Horton with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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