4 Reasons To Consider Speculating With Beazer Homes
By Sammy Pollack:Shares of home builder Beazer Homes USA (BZH) are down more than 23% over the past three months. However, there are now four reasons to consider speculating with BZH.
Option Monster reported on the high level of bullish options activity recently; 10,000 June 2.50 calls were purchased against open interest of just 109 contracts. At the same time, 10,000 June 2.50 puts were sold against open interest of just three contracts. This trade will make money if BZH trades above $2.50 and will lose money if BZH trades below $2.50. The large block trade likely represents institutional money. Institutional money is usually smarter, thus worth following. In summary, the recent options activity points to upside ahead for BZH over the short term.
Short interest in BZH currently stands at 11.92 million shares or 16% of the shares outstanding. This high short interest represents a possibility forComplete Story »