PulteGroup Unusual Options Activity For August 21

A whale with a lot of money to spend has taken a noticeably bullish stance on PulteGroup.

Looking at options history for PulteGroup PHM we detected 35 strange trades.

If we consider the specifics of each trade, it is accurate to state that 51% of the investors opened trades with bullish expectations and 48% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $115,100 and 33, calls, for a total amount of $2,099,951.

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 $80.0 for PulteGroup over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for PulteGroup's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PulteGroup's whale trades within a strike price range from $55.0 to $80.0 in 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 TRADE NEUTRAL 10/20/23 $65.00 $119.3K 30.7K 108
PHM CALL SWEEP BEARISH 10/20/23 $65.00 $112.4K 30.7K 1.1K
PHM CALL TRADE BEARISH 10/20/23 $65.00 $105.4K 30.7K 366
PHM CALL TRADE NEUTRAL 10/20/23 $65.00 $105.4K 30.7K 108
PHM CALL TRADE BULLISH 10/20/23 $65.00 $100.3K 30.7K 818

Where Is PulteGroup Standing Right Now?

  • With a volume of 775,629, the price of PHM is down -2.64% at $77.2.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 64 days.

What The Experts Say On PulteGroup:

  • UBS has decided to maintain their Buy rating on PulteGroup, which currently sits at a price target of $105.
  • Citigroup has decided to maintain their Buy rating on PulteGroup, which currently sits at a price target of $97.
  • Credit Suisse has decided to maintain their Outperform rating on PulteGroup, which currently sits at a price target of $85.
  • BTIG has decided to maintain their Buy rating on PulteGroup, which currently sits at a price target of $100.
  • JP Morgan has decided to maintain their Overweight rating on PulteGroup, which currently sits at a price target of $115.

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...