Into KBH Oct 19 '13 $19 Calls @ $1.00 + Into KBH Oct 19 '13 $19 Puts @ $1.45 = $2.45...

Earnings announcement on 24 September 2013...

Case Shiller + FHFA Housing Prices on same day...

Analysts are expecting a huge increase in EPS, but the company has been operating at a loss.  Either way, there will be volatility - and hopefully a lot of it.

Looked into LEN too, but KBH options were much less expensive and KBH has a higher beta...

A move up to $21.45 or a move down to $16.55 would put me in the money...