DHI Bullish Opening Trade Signal – March 21, 2022

View DHI Trade

Strategy Details

Strategy: Call Debit Spread

Strategy Direction: Bullish

Details: Buy to open May 20, 2022 $85/$97.5 Call Vertical @ $4.43 Debit

Trend Continuation Signal: This is a bullish vertical spread trade on the a ETF that has a bullish 1M trend.

1M/6M Trends: Bullish/Bearish

Technical Score: 6/10

OptionsPlay Score: 101

Entering the Trade

Use the following details to enter the trade on your trading platform. Please note that if there is a multi-leg option strategy, it should be entered as a single trade. 

Investment Rationale

Our bullish DailyPlay today is D.R. Horton (DHI). DHI is part of the Homebuilders sub-industry that has outperformed the overall market and the Industrial sector since pandemic lows. In recent months, homebuilders have been put under pressure and have declined rapidly which provides a good risk/reward bullish opportunity for a move higher in coming weeks.