D.R. Horton Unusual Options Activity For November 21
Portfolio Pulse from Benzinga Insights
D.R. Horton (NYSE:DHI) has seen significant bearish options activity, with a total of 12 unusual options trades detected by Benzinga's options scanner. All trades are bearish, with 10 puts worth $486,169 and 2 calls worth $57,810. The options suggest a price range of $92.5 to $155.0 for D.R. Horton. The company is a leading homebuilder in the U.S., offering mortgage financing and title agency services. DHI's stock is slightly down by -0.09% at $128.29, with potential overbought RSI readings. The earnings release is expected in 63 days. Analysts have mixed ratings on DHI, with target prices ranging from $116 to $148.
November 21, 2023 | 4:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
D.R. Horton has experienced significant bearish options activity, indicating that investors may expect a price decline. Analysts have mixed views, with target prices between $116 and $148. The stock is currently trading down slightly with a potential overbought RSI.
The bearish options activity, with a 100% bearish sentiment among heavy investors, suggests a negative outlook on D.R. Horton's stock price in the short term. The mixed analyst ratings add to the uncertainty, while the current slight price decline and overbought RSI readings may reinforce the bearish sentiment. The importance is high due to the significant value of the options and the potential impact on the stock price. The confidence level is not at the maximum because the actual movement of the stock price can be influenced by various unforeseen factors.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100