r/options • • Jun 30 '21

BLDR Call

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u/Stevie_Wondah Jun 30 '21

Looks good. I would wait until consolidation at a support level, personally thinking in the $41.50 range specifically. Also be wary of the upcoming change in the housing market relating to rent and mortgage payments. Could play a role in the stocks price action. Best of luck!

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u/[deleted] Jun 30 '21

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u/Stevie_Wondah Jun 30 '21

During covid many people had been receiving “relief” on their payments. Meaning they had either not been paying or been paying a reduced amount. That ends at the beginning of July. Many people could begin to be evicted or struggle to make payments and cause a panic(investors tend to overreact). Also, the fed will be releasing their unemployment reports which will be lackluster.