Pulte Group (PHM) adds 12 cents to $7.64 and recent trades in the home builder include a 9765-contract block of Jul 7 puts on the 9-cent bid. It might be a closing trade. Open interest is 64,760 and the largest (register to read more …) [...]

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KB Homes (KBH) adds 67 cents to $15.92 on a good day for the builders after data showed New Home Sales up to an annual rate of 329K in December, from 280K the month before and better than the 300K (register to read more …) [...]

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Pulte Homes (PHM) adds four cents to $8.76 and Nov 9 calls are trading on the 48-cent bid this morning (bid-ask was 48 to 53 cents). Looks like opening call writers, with more than 10,100 traded (94 percent bid) and (register to read more …) [...]

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Homebuilder Lennar (LEN) lost 20 cents to $12.68 and the Aug 13 – Sep 12 put spread trades at a penny, 10000X. Looks like a roll of a position opened on July 1 when 11,000 Aug 13 puts traded on (register to read more …) [...]

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Pulte Homes (PHM) is up a penny to $8.57 and has added 2.3 percent since the homebuilder reported earnings two days ago. Calls are active Friday, with one block of 4,800 Jan-12 calls at the 12.5 strike traded at 90 (register to read more …) [...]

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Lennar shares are up 10c to $14.70 and notable volume in the September $14 puts as 11,000 contracts trade on 63 bid. This looks like an opening sale. Shares of the homebuilder been between $13.40 and $15 for the past (register to read more …) [...]

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Pulte Homes seems notable call buying as a sweep of 5,609 of the July $10 calls are bought at the 25c ask. 9,100 now traded, lifting implied volatility 7 pecent to 46. Shares have slipped some 25% since the (register to read more …) [...]

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Shares of the homebuilder are up 5.8% to $17.25 and option volume is 2x the daily average being driven by notable trade in the May $17 calls as 7,800 contract block trade the 85c ask in an opening purchase.

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Hovnanian (HOV) is up 2 pennies to $7 and it looks like the Nov 5 – 7.5 bullish risk-reversal is bought at 80 cents, 3000X on PHLX. It might offset an existing position, as open interest is sufficient to cover (register to read more …) [...]

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Heavy trading continues as homebuilder Lennar (LEN) launches higher Friday morning. Shares opened in positive territory and then saw a spike at 10:00 a.m. after the latest new home sales data showed a surprise jump to an annual rate of (register to read more …) [...]

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