Deep-pocketed investors have adopted a bearish approach towards D.R. Horton DHI, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in DHI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for D.R. Horton. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 0% leaning bullish and 100% bearish. Among these notable options, 10 are puts, totaling $486,169, and 2 are calls, amounting to $57,810.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $92.5 to $155.0 for D.R. Horton during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for D.R. Horton's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of D.R. Horton's whale activity within a strike price range from $92.5 to $155.0 in the last 30 days.
D.R. Horton Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DHI | PUT | SWEEP | BEARISH | 01/19/24 | $120.00 | $99.7K | 3.2K | 919 |
| DHI | PUT | SWEEP | BEARISH | 01/19/24 | $120.00 | $73.9K | 3.2K | 454 |
| DHI | PUT | SWEEP | BEARISH | 01/19/24 | $120.00 | $61.9K | 3.2K | 1.4K |
| DHI | PUT | SWEEP | BEARISH | 01/19/24 | $120.00 | $59.1K | 3.2K | 0 |
| DHI | PUT | SWEEP | NEUTRAL | 02/16/24 | $135.00 | $50.3K | 195 | 0 |
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.
Current Position of D.R. Horton
- Currently trading with a volume of 518,657, the DHI's price is down by -0.09%, now at $128.29.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 63 days.
Expert Opinions on D.R. Horton
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $134.66666666666666.
- An analyst from Keefe, Bruyette & Woods has decided to maintain their Market Perform rating on D.R. Horton, which currently sits at a price target of $148.
- Maintaining their stance, an analyst from Raymond James continues to hold a Outperform rating for D.R. Horton, targeting a price of $140.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Underperform rating for D.R. Horton, targeting a price of $116.
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.
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