Hovnanian Enterprises Inc (HOV) $4.20 +10.24%
6,500 calls traded on homebuilder Hovnanian (HOV), or about 10X the expected for this time of day. Shares are outperforming, up 42 cents to $4.23, and it looks like buyers of Aug 5 and Sep 5 calls are hoping for additional upside. No obvious news to explain the action. Implied vols moving up to 107, from about 105 yesterday.
Category: All Stocks, Home Construction, Small Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
