The homebuilders are seeing relative strength and options action Thursday morning after Lennar (LEN) reported a surprise 19-cent profit. Analysts were expecting a loss. SPDR Homebuilders Trust (XHB) is up 47 cents to $15.98 and XHB Jan 16, Feb 17, Mar 16 calls seeing interest. Also seeing some action in LEN Jan 14 calls, Jan 12 puts; DHI Jan 12.5 calls, Feb 12 calls, and May 10 puts; and BZH Jan 5 puts and calls.


3 users commented on " SPDR S&P Homebuilders (XHB) $15.91 +2.58% "
Follow-up comment rss or Leave a TrackbackGood to know Fred….thanks.
Mortgage rate drop I’m guessing.
I haven’t traded $HGX in a while….hmmm, shoulda got some (HD LOW, etc.).
Some trade $ITB as well in this space, but figured I’d keep it simple and pick up a small position on $MVR (retail).
BTW Fred, lotta interesting options action on the Morgan Stanley indices (FYI) in the past week. Not sure if it’s retail or institutional though.
Indexes that I know of are:
$MSH, $MVR, $CYC (most active)
Not a bad lil pop for $MVR so far (my March popped 7%)