Tony Zhang breaks down a put vertical spread on D.R. Horton.
Back in late May I published a bearish thesis on the homebuilders and laid out a trade for D.R. Horton . Since then, homebuilders have continued to underperform the S & P 500 and as 10-year yields continue to climb back towards 4.5%. I believe that there is further downside and currently there is another opportunity to take another bearish trade on DHI.
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