KB Home's Q2 Earnings Awaited As Options Traders Bet On Potential 10% Stock Jump

KB Home KBH is expected to report results for its second quarter ended May 31, 2023, after the closing bell on June 21, 2023.

On CNBC’s "Options Action,"  Mike Khouw of Optimize Advisors said KB Home traded at 3.3x average daily call volume on Tuesday.

The options market is implying a move of around +/-5.5% by the end of the week post the release of earnings.

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There were buyers of 1,477 of the July 55-calls at an average price of 97 cents per contract, Khouw mentioned.

Traders expect KB Home’s stock to jump at least 10% by July expiration.

Analysts expect the company to post quarterly earnings at $1.34 per share, down from year-ago earnings of $2.32 per share. The company’s revenue is expected to come in at $1.42 billion.

Price Action: KB Home shares gained 0.6% to close at $51.05 on Tuesday and added 0.9% in Wednesday’s premarket trading session.

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