Market News

September 13, 2013  Fri 11:06 AM CT

Put selling appears to be the trade of the day, as seen in homebuilder D.R. Horton this morning.

optionMONSTER systems show that a trader sold 2,525 October 19 puts for the bid price of $0.19. This s clearly a new position, as the volume was 5 times the previous open interest.

The put seller is looking for DHI to hold above $19 through the October expiration in five weeks. The risk is the obligation to buy shares if shares fall below that level. (See our Education section)

DHI is down 2.27 percent to $18.92. It was at a 52-week low of $17.52 last week but at a high of $27.75 in mid-May.
News Archives
OptionsHouse

Education & Strategy

From the AP Archives: If It's Not There...

I have talked at great length about the fact that as an individual investor, you do not have to be in the market at all times.

More education articles »