Options Guide
Call Selling in Homebuilder Stocks
The majority of options volume in LEN accumulated in the Dec. 14 calls (not including front-month options that are set to expire Friday), and the Dec. 20 calls are home to almost all of the volume across all strikes in RYL.
Call-selling activity such as this does not mean investors should run out and sell their RYL, or LEN shares. However, it is noteworthy that in the past few months, when the market declines, bottom-fishers typically surface and buy calls to bet on near-term upside. But in the homebuilding sector, call sellers could be calling for a further drop in shares, or at least very limited upside. -- Written by Jud Pyle in ChicagoTheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 14.60 |
Oil *
98.16
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
1.21 |
10 Yr
1.46%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-7.65%
|
Data delayed 20 minutes |
Connect with TheStreet