Deep-pocketed investors have adopted a bullish 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 30 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 43% leaning bullish and 33% bearish. Among these notable options, 8 are puts, totaling $284,454, and 22 are calls, amounting to $1,811,598.
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 $110.0 to $165.0 for D.R. Horton during the past quarter.
Insights into Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $110.0 to $165.0 in the last 30 days.
D.R. Horton Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DHI | CALL | SWEEP | BEARISH | 07/19/24 | $10.2 | $9.1 | $9.8 | $140.00 | $784.0K | 1.7K | 161 |
| DHI | CALL | SWEEP | BULLISH | 11/15/24 | $8.0 | $7.6 | $7.87 | $160.00 | $103.5K | 506 | 2 |
| DHI | CALL | SWEEP | NEUTRAL | 11/15/24 | $8.9 | $8.6 | $8.7 | $155.00 | $93.3K | 195 | 19 |
| DHI | CALL | SWEEP | BULLISH | 11/15/24 | $12.5 | $11.5 | $12.49 | $145.00 | $90.3K | 94 | 0 |
| DHI | CALL | TRADE | BEARISH | 07/26/24 | $6.7 | $6.4 | $6.5 | $147.00 | $65.0K | 0 | 100 |
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.
D.R. Horton's Current Market Status
- Trading volume stands at 4,529,163, with DHI's price up by 7.26%, positioned at $149.73.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 7 days.
Expert Opinions on D.R. Horton
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $156.0.
- An analyst from Citigroup has revised its rating downward to Neutral, adjusting the price target to $156.
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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