KB Home kicks off the latest round of homebuilder earnings when it reports after the bell Wednesday, and options traders see more gains ahead.
) ahead of upcoming earnings announcements that we believe will reveal decidedly improved housing fundamentals and potential upside to current consensus FY20 estimates," wrote Raymond James in a note that came out early Wednesday morning., which is up a respectable 33% in 2019, and the options market thinks that outperformance will continue long after Wednesday's report.
"Where we saw the most activity was the October 32 calls. Those were trading for about $1.15. Any buyers of those calls are obviously betting [KB Home] is going above that $32 strike price by at least the $1.15 they paid," Optimize Advisors President Michael Khouw said Tuesday on "Put another way, these traders are betting on a jump of at least 6% in KB Home between Tuesday's close and October expiration.
While Toll Brothers won't report earnings until December, Lennar follows up KB Home's report on Oct. 2, and Toll Brothers will likely piggy back off of any results that show fundamental improvement in the space.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Three before you leave — What to watch for Wednesday, including impeachment talk and home salesHere are the most important things to know about Wednesday before you hit the door including impeachment talk, new home sales and Fed speakers.
Leer más »
11 things that make a home unsellable, according to real-estate agentsReal-estate agents told Business Insider that an undesirable location, a death in the home, and bad odors (particularly from cats) can make a house unsellable.
Leer más »
Coronation Street's Tina O'Brien shares a peek inside her Manchester homeTina O’Brien house: see where the Coronation Street actress lives with her husband Adam Crofts and her children
Leer más »
How to know if it's time to buy a homeClose to two-thirds of Americans own a home. Should you be among them? Here is how to know.
Leer más »
Ne-Yo Lists Family-Sized Sherman Oaks HomeShaffer Smith, better known as mononymic music industry polyglot Ne-Yo, has hung a $2 million price tag on a family-sized house on an unassuming street in an unpretentious if not exactly inexpensiv…
Leer más »
Own it: The Modern Guide to Buying a HomePrep work, a thoughtful budget and wisdom from seasoned buyers can reshape an often daunting purchase into an achievable one.
Leer más »