Green Brick Partners, Inc. stock trades under the ticker GRBK & closed at $22.01/share on 12/9/2020.
GRBK stock has had a strong year, as homebuilders have fared very well since COVID, & their stock & options look appealing to long-term & short-term traders alike.
GRBK Stock Price: $22.01
10 Day Moving-Average: $22.76
50 Day Moving-Average: $19.96
200 Day Moving-Average: $13.63
RSI: 52
For longer-term investors who are interested in the common shares, there may be some opportunity to get a good buy-in price on the horizon, as the shares have dropped a bit since Thanksgiving.
There looks to still be room to drop though when you examine the relationship between their moving averages, but from a longer-term perspective, if you’re looking to take advantage of the homebuilders boom, they present a solid opportunity.
In the short-term, the $20 GRBK calls look appealing, with a delta of 0.89, as I am not sure that the $22.50 calls will be worth the gamble when I see the MACD trend (bottom of the chart above).
I’m looking at the $22.50 puts (delta of -0.59) that are slightly in-the-money, as the next level down strike price is $20, which would require a >10% price correction to go into the money (delta of -0.15).
Overall, GRBK looks to have something to offer traders of all kinds, making it worth taking a closer look at.
*** I DO NOT OWN SHARES OF GRBK STOCK ***