Show of support for D.R. Horton
Chris McKhann | [email protected]
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.