KB Homes (KBH) adds 47 cents to $7.50 and a 21,580-contract block of Jan 7.5 puts trades on the homebuilder at 48 cents when the market was 48 to 50 cents. It might be an opening put seller after data this morning showed New Home Sales improving to an 685K in November, which was up from 627K in October and also much better than the 627K that was expected. Building permits rose to 681K (vs. 644K consensus).
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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.