Homebuilder Sees Put Buyers Look for Breakdown
DR Horton (DHI) with 900 January $67.50 puts bought $4.30 as the stock struggles at monthly value high resistance near 73 with the 200 EMA just overhead at 76. DHI has held above the June lows so far fairly well but if markets stay weaker this group can be sold back down as demand continues to slow in housing. A break under 71 value area likely can see a move down to the mid 60s.