Investors with a lot of money to spend have taken a bullish 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 13 uncommon options trades for D.R. Horton.
This isn't normal.
The overall sentiment of these big-money traders is split between 61% bullish and 30%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $304,971, and 6 are calls, for a total amount of $235,492.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to $210.0 for D.R. Horton over the last 3 months.
Volume & Open Interest Trends
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 $130.0 to $210.0 over the preceding 30 days.
D.R. Horton Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DHI | PUT | SWEEP | BULLISH | 11/01/24 | $3.6 | $3.4 | $3.4 | $175.00 | $85.0K | 940 | 278 |
| DHI | PUT | SWEEP | BULLISH | 11/15/24 | $3.6 | $3.3 | $3.3 | $170.00 | $72.9K | 4.9K | 41 |
| DHI | CALL | TRADE | BEARISH | 02/21/25 | $17.8 | $16.0 | $16.0 | $180.00 | $48.0K | 133 | 35 |
| DHI | CALL | SWEEP | BULLISH | 10/25/24 | $7.5 | $5.8 | $6.7 | $175.00 | $46.9K | 16 | 108 |
| DHI | CALL | SWEEP | BULLISH | 11/15/24 | $11.4 | $11.1 | $11.27 | $175.00 | $41.7K | 396 | 27 |
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.
Where Is D.R. Horton Standing Right Now?
- With a trading volume of 3,058,938, the price of DHI is down by -3.16%, reaching $180.39.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 7 days from now.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access.
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.
