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Best-in-Class Homebuilder Set for a Return Higher

by | Aug 29, 2021

DR Horton (DHI) setting up well for a continuation higher with shares basing above monthly value. A breakout above $98.50 has room to $103.50 and the recent highs and then a weekly breakout that has a lot of upside potential. DHI is forming a small cup and handle pattern recently as well. Option flow has been bullish with buyers in the November $100 calls nearly 2000X, buyers in the September $92.50 and $95 calls, the latter spread with the $80 puts in bull risk reversal, and sellers in the September and November puts.

Trade to Consider: Long the DHI November $100 Calls for $4.70 or Better

 

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