Put Options on PHM on 9/25/2018

PulteGroup, Inc. (PHM) engages in the homebuilding business in the United States.

The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.

As of December 31, 2017, the company controlled 89,253 owned lots and 52,156 lots under land option agreements. It also arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers.

Shares have fallen through all support levels and are trading at their yearly low. We expect shares to continue to move lower.

We will be trading October 20th Put Options

Last Trade: $25.69

Trading Range: $25.56 - $35.21

Trade Buy 1 October $26.00 Put at $0.80 For a net debit of $0.80 Profit/Loss Analysis Breakeven at $25.20 Maximum profit is unbounded Maximum loss is ($80.00) at strike of $26.00 Closing Summary Sold 1 October $26.00 Put at $2.80

Position closed on 10/11/2018 at price of $2.80 with a 250.00% gain in 16 days.

Updates

10/11/2018 10:02:57 AM

PHM $26 Put sold for $2.80

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