Someone with a lot of money to spend has taken a bullish stance on PulteGroup PHM.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PHM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 19 options trades for PulteGroup.
This isn't normal.
The overall sentiment of these big-money traders is split between 78% bullish and 21%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $36,500, and 18, calls, for a total amount of $1,020,694..
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 $55.0 to $70.0 for PulteGroup over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for PulteGroup options trades today is 700.67 with a total volume of 7,851.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for PulteGroup's big money trades within a strike price range of $55.0 to $70.0 over the last 30 days.
PulteGroup Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
PHM | CALL | SWEEP | NEUTRAL | 01/17/25 | $55.00 | $160.4K | 1.6K | 502 |
PHM | CALL | SWEEP | BULLISH | 01/17/25 | $55.00 | $119.2K | 1.6K | 287 |
PHM | CALL | SWEEP | BULLISH | 01/17/25 | $55.00 | $98.3K | 1.6K | 555 |
PHM | CALL | SWEEP | BULLISH | 01/17/25 | $55.00 | $70.2K | 1.6K | 349 |
PHM | CALL | SWEEP | BULLISH | 01/17/25 | $55.00 | $70.2K | 1.6K | 184 |
Where Is PulteGroup Standing Right Now?
- With a volume of 941,928, the price of PHM is up 0.82% at $68.33.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 77 days.
What The Experts Say On PulteGroup:
- Goldman Sachs has decided to maintain their Neutral rating on PulteGroup, which currently sits at a price target of $65.
- B of A Securities has decided to maintain their Buy rating on PulteGroup, which currently sits at a price target of $71.
- RBC Capital has decided to maintain their Sector Perform rating on PulteGroup, which currently sits at a price target of $68.
- Barclays has decided to maintain their Overweight rating on PulteGroup, which currently sits at a price target of $86.
- Oppenheimer has decided to maintain their Outperform rating on PulteGroup, which currently sits at a price target of $80.
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 PulteGroup, Benzinga Pro gives you real-time options trades alerts.
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