Trade Update March 18th, 2013 at 11:30am: Since initiating the April / June Put Calendar (detailed below) on March 8th, TOL hsas fallen about 4%, and the spread is basically unchanged. While this may sound like a …
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We have spent our share of time on the site of late debating the strength of the housing recovery and the ability for some of the homebuilders to increase earnings at a pace that would justify existing …
Continue readingHere is a preview of what I will discussing tonight on Options Action on CNBC at 5PM: Based on the housing market headlines I’ve seen in the past year, you’d think housing prices were increasing …
Continue readingToll Brothers reported an earnings miss this morning, reporting 0.03 vs. consensus estimates of 0.10. The housing sector is one of the most overvalued sectors in the U.S. stock market, for several reasons. Here are …
Continue readingTOL reports their fiscal Q4 earnings tomorrow morning before the bell. The options market is implying about a 3% move, which is a bit shy of the 4 quarter avg. move of about 3.5%. TOL has …
Continue readingTrade Update July 20th, 2012 at 3:15 pm: PHM is going to end up above our short 10 strike on the short Jul 10/12 call spread that we sold for 0.44 against the long …
Continue readingTrade Update May 4th, 2012 at 10:25am: TOL is now through our long June 26 strike on our 26/28 call spread. The stock is near 5 year highs at $26.30 after a strong round …
Continue readingTrade Update April 16th, 2012 at 12:50pm: With TOL up 2.5% on an analyst upgrade from KeyBanc, and 60-day implied vol near the highs of the year, we think it’s a good opportunity to …
Continue readingTrade Update March 22nd, 2012 at 12:30am From DAN: I want to take the opportunity to adjust this trade structure a bit, taking into account the different prerogatives of many of our readers. Very infrequently, if ever, …
Continue readingTOL vs. PHM Housing has been a sector of focus to start the year given the rocket start after many years of depressed sentiment and share prices. Similar to the idea that we mentioned in …
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