27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Investors with a lot of money to spend have taken a bearish stance on D.R. Horton (NYSE: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 9 uncommon options trades for D.R. Horton.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $601,280, and 5 are calls, for a total amount of $181,215.
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 $135.0 and $170.0 for D.R. Horton, spanning the last three months.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for D.R. Horton's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across D.R. Horton's significant trades, within a strike price range of $135.0 to $170.0, over the past month.
D.R. Horton Option Activity Analysis: 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 | PUT | TRADE | BULLISH | 04/26/24 | $3.9 | $3.7 | $3.7 | $145.00 | $407.0K | 1.8K | 1.1K |
| DHI | PUT | TRADE | BEARISH | 08/16/24 | $5.8 | $5.6 | $5.8 | $135.00 | $116.0K | 106 | 0 |
| DHI | CALL | TRADE | BULLISH | 05/17/24 | $0.7 | $0.6 | $0.75 | $170.00 | $52.5K | 1.1K | 700 |
| DHI | PUT | TRADE | BULLISH | 04/19/24 | $3.8 | $3.7 | $3.7 | $146.00 | $46.9K | 108 | 144 |
| DHI | CALL | TRADE | BULLISH | 04/19/24 | $1.6 | $1.45 | $1.6 | $152.50 | $40.0K | 177 | 252 |
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.
Present Market Standing of D.R. Horton
- With a trading volume of 2,326,785, the price of DHI is down by -0.3%, reaching $145.61.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 1 days from now.
Expert Opinions on D.R. Horton
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $169.0.
- An analyst from Wedbush has revised its rating downward to Underperform, adjusting the price target to $130.
- Consistent in their evaluation, an analyst from BTIG keeps a Buy rating on D.R. Horton with a target price of $169.
- An analyst from Citigroup persists with their Buy rating on D.R. Horton, maintaining a target price of $191.
- Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for D.R. Horton, targeting a price of $186.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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