D.R. Horton's Options Frenzy: What You Need to Know

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 8 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 75% leaning bullish and 25% bearish. Among these notable options, 3 are puts, totaling $156,365, and 5 are calls, amounting to $178,780.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $97.5 to $155.0 for D.R. Horton over the last 3 months.

Insights into Volume & Open Interest

In today's trading context, the average open interest for options of D.R. Horton stands at 169.67, with a total volume reaching 2,974.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in D.R. Horton, situated within the strike price corridor from $97.5 to $155.0, throughout the last 30 days.

D.R. Horton Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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

• With a volume of 261,064, the price of DHI is down -0.25% at $141.83.
• RSI indicators hint that the underlying stock may be approaching oversold.
• Next earnings are expected to be released in 78 days.

Professional Analyst Ratings for D.R. Horton

5 market experts have recently issued ratings for this stock, with a consensus target price of $165.6.

• Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on D.R. Horton with a target price of $191.
• An analyst from Barclays has decided to maintain their Overweight rating on D.R. Horton, which currently sits at a price target of $186.
• An analyst from Jefferies persists with their Hold rating on D.R. Horton, maintaining a target price of $153.
• Reflecting concerns, an analyst from Wedbush lowers its rating to Underperform with a new price target of $130.
• An analyst from BTIG persists with their Buy rating on D.R. Horton, maintaining a target price of $168.

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.