Looking At D.R. Horton's Recent Unusual Options Activity

A whale with a lot of money to spend has taken a noticeably bearish stance on D.R. Horton.

Looking at options history for D.R. Horton DHI we detected 17 strange trades.

If we consider the specifics of each trade, it is accurate to state that 41% of the investors opened trades with bullish expectations and 58% with bearish.

From the overall spotted trades, 15 are puts, for a total amount of $690,514 and 2, calls, for a total amount of $76,800.

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 $101.0 to $115.0 for D.R. Horton 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 D.R. Horton'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 D.R. Horton's whale trades within a strike price range from $101.0 to $115.0 in the last 30 days.

D.R. Horton 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
DHI PUT SWEEP BEARISH 11/17/23 $115.00 $58.2K 3.9K 423
DHI PUT SWEEP BEARISH 11/17/23 $115.00 $52.8K 3.9K 1.0K
DHI PUT SWEEP BEARISH 11/17/23 $115.00 $52.5K 3.9K 951
DHI PUT TRADE BULLISH 11/17/23 $115.00 $51.8K 3.9K 739
DHI PUT SWEEP BULLISH 11/17/23 $115.00 $51.7K 3.9K 55

Where Is D.R. Horton Standing Right Now?

  • With a volume of 999,151, the price of DHI is down -0.21% at $107.94.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 43 days.

What The Experts Say On D.R. Horton:

  • Citigroup has decided to maintain their Buy rating on D.R. Horton, which currently sits at a price target of $140.
  • Wedbush downgraded its action to Neutral with 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 D.R. Horton, Benzinga Pro gives you real-time options trades alerts.

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Posted In: OptionsMarketsBZI-UOA
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