Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that options trading on KB Home KBH was usually in very low volumes.
Kinahan noted, however, that trading activity on Monday showed three times the normal number of Put options being traded.
Kinahan reiterated that not many options are usually traded on KBH, although there was buying activity in the weekly March $14 Calls and selling in the weekly March $13 Puts.
The company's stock price was hit hard at the last earnings release and Kinahan said it remained to be seen if the company could "close the gap" with the upcoming release.
The company was scheduled to report Q1 earnings on Friday before the open.
Ahead of its earnings release, KB Home traded at $13.65, down 2.50 percent.
Kevin Riley and Brianna Valleskey contributed to this report.
© 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.