Looking At D.R. Horton's Recent Unusual Options Activity

Investors with significant funds have taken a bearish position in D.R. Horton DHI, a development that retail traders should be aware of.

This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in DHI usually indicates foreknowledge of upcoming events.

Today, Benzinga's options scanner identified 12 options transactions for D.R. Horton. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 33% being bullish and 66% bearish. Of all the options we discovered, 11 are puts, valued at $726,387, and there was a single call, worth $55,474.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $140.0 to $150.0 for D.R. Horton over the last 3 months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in D.R. Horton's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to D.R. Horton's substantial trades, within a strike price spectrum from $140.0 to $150.0 over the preceding 30 days.

D.R. Horton Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About D.R. Horton

D.R. Horton is a leading homebuilder in the United States with operations in 126 markets across 36 states. D.R. Horton mainly builds single-family detached homes (87% 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.

Following our analysis of the options activities associated with D.R. Horton, we pivot to a closer look at the company's own performance.

Where Is D.R. Horton Standing Right Now?

• Trading volume stands at 1,268,535, with DHI's price up by 0.03%, positioned at $134.0.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 41 days.

What Analysts Are Saying About D.R. Horton

In the last month, 1 experts released ratings on this stock with an average target price of $164.0.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Showing optimism, an analyst from Seaport Global upgrades its rating to Buy with a revised price target of $164.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for D.R. Horton, Benzinga Pro gives you real-time options trades alerts.