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Hovnanian Enterprises Inc. Message Board

  • flashywildwest flashywildwest Mar 20, 2013 4:31 AM Flag

    NEXT TARGET $7.00.....IT WONT TAKE MUCH, BELIEVE ME,,,,,,

    CALL OPTIONS IS THE WAY TO GO ON THIS I FEEL.......BIGGER BAG FOR THE BUCK........WE BREAK $6.55 WE WILL HIT THE BUY-STOPS-AT THE HIGHER PRICE, WERE----- [[[ THE WEAK SHORTS ]]]----- WILL TRY TO COVER IST.....THEN EVERY ONBE ELSE WILL KICK IN.........""" OVER SEAS """" ARE HIGHER AT THE MOMENT AS THEY JUST OPENED ITS NOW 4:30 A.M. 3/20/2013.......LATER,,, THE WILD WEST MAN FROM N.J......

    Sentiment: Buy

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    • HOV - Hovnanian Enterprises, Inc. - Shares in U.S. homebuilder, Hovnanian Enterprises, rallied more than 7.0% to $6.43 this morning on strong housing starts and building permits data. Upside call buying on the stock near the open suggests some traders are positioning for shares in the name to extend gains in the near- and long-term. Traders looking for shares to edge to the highest level since the start of 2013 snapped up around 1,000 calls at the April $7.0 strike for an average premium of $0.125 today, and may profit at expiration next month in the event that HOV's shares gain more than 10% to settle above the average breakeven price of $7.125. Meanwhile, traders placing longer-term bullish bets on the homebuilder looked to options contracts expiring in January of 2014. Volume in far out-of-the-money calls caught our eye this morning, with upwards of 3,800 calls changing hands at the Jan. 2014 $10 strike. Most of the $10 calls appear to have been purchased at an average premium of $0.40 each, thus positioning buyers to profit at expiration next year should shares in Hovnanian jump 60% during the next ten months to top $10.40, the highest level since May of 2008.

 
HOV
1.30-0.05(-3.70%)3:42 PMEST