Investors with a lot of money to spend have taken a bearish stance on D.R. Horton DHI.
And retail traders should know.
We noticed this today when the positions 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.
Today, Benzinga's options scanner spotted 16 options trades for D.R. Horton.
This isn't normal.
The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $25,740, and 15, calls, for a total amount of $658,957.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $160.0 for D.R. Horton during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for D.R. Horton options trades today is 580.54 with a total volume of 678.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for D.R. Horton's big money trades within a strike price range of $60.0 to $160.0 over the last 30 days.
D.R. Horton Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DHI | CALL | TRADE | NEUTRAL | 01/19/24 | $145.00 | $106.1K | 463 | 149 |
| DHI | CALL | TRADE | NEUTRAL | 01/19/24 | $60.00 | $74.6K | 509 | 13 |
| DHI | CALL | SWEEP | BEARISH | 06/21/24 | $155.00 | $52.1K | 331 | 16 |
| DHI | CALL | SWEEP | BULLISH | 01/19/24 | $100.00 | $51.6K | 1.0K | 10 |
| DHI | CALL | SWEEP | BULLISH | 01/19/24 | $60.00 | $44.4K | 509 | 0 |
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
- Currently trading with a volume of 3,472,704, the DHI's price is up by 1.51%, now at $146.34.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 40 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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