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 16 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 31% leaning bullish and 68% bearish. Among these notable options, 6 are puts, totaling $205,592, and 10 are calls, amounting to $698,077.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $77.5 to $160.0 for D.R. Horton over the recent three months.
Insights into Volume & Open Interest
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 $77.5 to $160.0 over the preceding 30 days.
D.R. Horton 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DHI | CALL | TRADE | BULLISH | 01/19/24 | $115.00 | $154.6K | 847 | 2 |
| DHI | CALL | TRADE | BULLISH | 05/17/24 | $160.00 | $129.0K | 12 | 0 |
| DHI | CALL | SWEEP | BULLISH | 05/17/24 | $140.00 | $120.0K | 14 | 150 |
| DHI | CALL | TRADE | BULLISH | 11/17/23 | $95.00 | $67.6K | 42 | 0 |
| DHI | PUT | TRADE | BEARISH | 02/16/24 | $135.00 | $49.6K | 35 | 164 |
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.
Following our analysis of the options activities associated with D.R. Horton, we pivot to a closer look at the company's own performance.
Current Position of D.R. Horton
- Trading volume stands at 2,455,491, with DHI's price up by 3.01%, positioned at $126.0.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 70 days.
Expert Opinions on D.R. Horton
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $129.0.
- An analyst from Goldman Sachs upgraded its action to Buy with a price target of $131.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Underperform rating for D.R. Horton, targeting a price of $116.
- An analyst from Raymond James persists with their Outperform rating on D.R. Horton, maintaining a target 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.
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