The iShares U.S. Home Construction ETF (ITB) is up after PulteGroup beats earnings

From Yahoo Finance: 2025-04-22 13:57:00

The iShares U.S. Home Construction ETF (ITB) is up 3.3% to $90.39 after PulteGroup, Inc. beat first-quarter earnings and revenue expectations. CEO Larry Mastrovich predicts a 1% average sale price impact from tariffs by Q4. PHM shares rose 8.1% to $100.68, testing the 50-day moving average. YTD, the stock is down 7.7%.

PHM options traders favor puts, with a 10-day put/call volume ratio of 1.90, ranking in the 78th percentile. The stock’s Schaeffer’s open interest ratio (SOIR) of 1.47 is in the 81st percentile, indicating a strong preference for puts. Today, over 2,300 puts have been traded, double the average intraday amount, with the 5/2 93-strike being popular.

Despite gains, over 2,300 puts have been traded on PHM today, double the average intraday amount. The most popular option is the weekly 5/2 93-strike, with new positions being sold to open. Additionally, a January 2026 95-strike LEAPS trade is seeing notable attention.



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