Behind the Scenes of D.R. Horton's Latest Options Trends

Investors with a lot of money to spend have taken a bearish stance on D.R. Horton DHI.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DHI, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 20 uncommon options trades for D.R. Horton.

This isn't normal.

The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.

Out of all of the special options we uncovered, 14 are puts, for a total amount of $496,065, and 6 are calls, for a total amount of $207,490.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $82.5 and $135.0 for D.R. Horton, spanning the last three months.

Volume & Open Interest Trends

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 $82.5 to $135.0 in the last 30 days.

D.R. Horton 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

In light of the recent options history for D.R. Horton, it's now appropriate to focus on the company itself. We aim to explore its current performance.

D.R. Horton's Current Market Status

• Currently trading with a volume of 752,680, the DHI's price is down by 0.0%, now at $127.63.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 67 days.

What Analysts Are Saying About D.R. Horton

In the last month, 3 experts released ratings on this stock with an average target price of $134.66666666666666.

• An analyst from RBC Capital has decided to maintain their Underperform rating on D.R. Horton, which currently sits at a price target of $116.
• 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 Keefe, Bruyette & Woods continues to hold a Market Perform rating for D.R. Horton, targeting a price of $148.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest D.R. Horton options trades with real-time alerts from Benzinga Pro.