DHID.R. Horton Inc.
Options Analysis Report•OPERATIVE BUILDERS
Market Cap $39.5B|NYSE
● 2026-05-15$139.36
BEARISH
Analysis: 2026-05-14 EOD data
1Y +12.9%YTD -4.4%7D -5.6%
Options Vol
1,976
30D
Implied Move
±10.5%
IV Rank
33%
DHI Options Overview
bearish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.7
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 59.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.91x — IV ≤ HV
Sector Relative≤50%
Sector percentile 41% — below sector median
Term Structure
<1.1xFront/Back 1.00x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 37.8% — normal range
Spread-Adjusted Value
<80%Effective IV 60.5% (ATM 37.8% + spread 11.3% + bias) — good value
Execution Efficiency
<3.0%Total drag 15.23% (spread 11.35% + slippage 3.88%) — high friction
Vega Efficiency
≥5.0Vega efficiency 6.92 (vega 7.851 / spread 11.35%) — acceptable
Sentiment
Bullish or bearish?
3.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Strong signal (Conviction: +1%, Raw: +8%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +1% (neutral) — Raw: +8%
OI Skew Magnitude
≥15%|OI skew| 20.7% — put-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -58.2%, OI skew -20.7% — aligned
Conviction Quality
≥2/3 conditions0-DTE 24%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -56%, ATM: +26%, OTM: +62% — bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 96% — very bearish vs sector
Activity
Unusual activity?
2.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 2.8% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +8.5% (5d) — building
Sector Relative≥60%
Sector activity percentile 28% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 37% — patient
Flow Conviction
≥30Conviction +1 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 11.3% — wide
Adequate OI
≥10,000OI 69,621 — deep
Active Volume
≥500Volume 1,976/day — adequate
Reasonable Cost
≤$0.50$0.57 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 42% — neutral vs sector
Order Book Depth
≥100 contractsDepth 106.69999999999999 contracts (bid:53.8 ask:52.9) — adequate
Execution Quality
<1.0%Avg slippage 3.88% — poor
Timing
Is now a good time?
6.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks4/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +0.3% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 60% — neutral
Event Detection
≥10pts kinkIV kink 1.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 42.85 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +1% @ 51% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.1
bullishIV cheap, bearish flow
Long Puts6.1
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put4.0
bullishIV too cheap, bearish flow
Covered Call5.0
bearishIV too cheap, bearish flow
For educational purposes only. Not investment advice.