Put Options on DHI on 12/24/2018

D.R. Horton, Inc. (DHI) operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States.

It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes. The company constructs and sells single-family detached homes; and attached homes, such as town homes, duplexes, and triplexes.

It is also involved in the origination and sale of mortgages; and provision of title insurance policies, and examination and closing services, as well as engages in the residential lot development business. 

Shares have run into overhead resistance and have turned lower from that level. Lower share prices are expected for this stock.

We will be trading January 18th Put Options

Last Trade: $33.65

Trading Range: $32.53 - $53.32

Trade Buy 1 January $34.00 Put at $1.50 For a net debit of $1.50 Profit/Loss Analysis Breakeven at $32.50 Maximum profit is unbounded Maximum loss is ($150.00) at strike of $34.00 Closing Summary Sold 1 January $34.00 Put at $0.00

Position closed on 1/18/2019 at price of $0.00 with a -100.00% loss in 25 days.

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