Shares of KB Home (KB Home) trade up .65 to 23.65. KBH is making a 52 week high today.

Today paper was a steady buyer of the KBH Jul 14 for .05-.08 on 22000 contracts.?? Average volume is 7040.? Open interest is 23481.

The trade looks like a put buy covering a short OTM put position due to the high open interest.? The IV is up only .3 of a point.? There was not a new opening play of the same size. ?

30-day implied volatility is 40%.?? 10-day implied volatility is 37%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

KB Home is a builder of single-family residential homes, townhomes and condominiums. It constructs and sells homes homes through its operating divisions under the name KB Home. It operates home building and financial services business serving home buyers in various markets across the United States.

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