D.R. Horton Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on D.R. Horton (NYSE:DHI) with unusual options activity. The sentiment among big-money traders is split between 27% bullish and 72% bearish. The options trades include 10 puts for a total amount of $418,350 and 1 call for a total amount of $78,260. The price range targeted by whales over the last 3 months is from $55.0 to $135.0. The current price of DHI is down -2.61% at $114.8. Citigroup maintains a Buy rating on D.R. Horton with a price target of $140.
September 12, 2023 | 8:01 pm
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D.R. Horton has seen unusual options activity with a significant bearish stance. The current price is down -2.61% at $114.8. Citigroup maintains a Buy rating with a price target of $140.
The unusual options activity, particularly the bearish stance taken by big-money traders, indicates a potential downward pressure on D.R. Horton's stock price in the short term. However, Citigroup's maintained Buy rating and price target of $140 provide a counterpoint, suggesting potential upside in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100