Interesting Early Options Trade on KB Home (KBH)

Some interesting early trading on KB Home (NYSE:KBH) this morning.  There was an unusual opening trade in the JUN $17.5 call options, snapped up at a price of $0.15.

One trader made a big bet with the purchase of over 5,300 of the JUN 17.50 calls, which expire at the end of this week.

KBH is a residential single family home, townhome, and condominium builder, with head offices in Los Angeles, CA.  It builds home and developments across the United States.

KB Home (KBH)  is currently trading at $17.72 early today, up 42 cents or 2.3% already this morning.

Here’s the KBH chart: