Call Options on PHM on 9/5/2023

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

It acquires and develops land primarily for residential purposes; and constructs housing on such land.

The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods brand names.

As of December 31, 2022, it controlled 211,112 lots, of which 108,848 were owned and 102,264 were under land option agreements.

In addition, the company 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 formed a bullish "double bottom" and climbed above it's 50-day moving average. Higher share prices are expected.

We will be trading September 29th Calls

Last Trade: $82.63

Trading Range: $35.99 to $86.15

Trade Buy 1 October $82.00 Call at $3.00 For a net debit of $3.00 Profit/Loss Analysis Breakeven at $85.00 Maximum profit is unbounded Maximum loss is ($300.00) at strike of $82.00 Closing Summary Sold 1 October $82.00 Call at $0.00

Position closed on 9/11/2023 at price of $0.00 with a -100.00% loss in 6 days.

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