A deep-pocketed investor has 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 this investor remains unknown, but such a substantial move in DHI usually suggests insider knowledge. 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 33% leaning bullish and 66% bearish. Among these notable options, 4 are puts, totaling $176,426, and 8 are calls, amounting to $331,420.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $135.0 for D.R. Horton over the recent three months.
Volume & Open Interest Development
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 $90.0 to $135.0 over the preceding 30 days.
D.R. Horton Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DHI | CALL | SWEEP | BEARISH | 01/19/24 | $135.00 | $90.6K | 479 | 551 |
| DHI | PUT | SWEEP | BULLISH | 01/19/24 | $135.00 | $52.8K | 0 | 144 |
| DHI | PUT | SWEEP | BULLISH | 01/19/24 | $135.00 | $52.7K | 0 | 108 |
| DHI | CALL | TRADE | BULLISH | 01/19/24 | $130.00 | $38.7K | 914 | 100 |
| DHI | CALL | TRADE | BULLISH | 01/19/24 | $130.00 | $37.7K | 914 | 100 |
Present Market Standing of D.R. Horton
- With a volume of 1,510,894, the price of DHI is up 0.48% at $121.75.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 76 days.
What Analysts Are Saying About D.R. Horton:
- Barclays has decided to maintain their Overweight rating on D.R. Horton, which currently sits at a price target of $130.
- In a positive move, Goldman Sachs has upgraded their rating to Buy and adjusted the price target to $131.
- Maintaining their stance, Raymond James continues to hold a Outperform rating for D.R. Horton, targeting a price of $140.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
