Monday, November 19, 2007

Pulte Home Put Buying Bonanza

50,000 January PHM 30 Strike puts purchased

In a transaction worth $90 million dollars, 50,000 puts on PHM were purchased. I would say that the odds of PHM surviving are slim to none with this kind of options activity. Charts of the transaction and of PHM stock are posted below. Click on the charts for sharper images.




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