Trade of the Day : (KBH) Selling the KBH Jul 7-6 Put Spread for $0.27
Risk : $73 per 1 Lot
Reward: $27 per 1 Lot
Bearish to nuetral outlook
Paper sold 13,000 Jul7 7 puts
UPDATE 6.27.2012 With the stock rallying higher, this Put Spread is worth $.06. Leaving this trade on and moving to the next trade.
UPDATE 7.2.2012 This Spread is worth $.04, but I will be leaving it on until expiration.