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Benzinga
Benzinga
Business
Priya Nigam

Traders Bet On More Pain Ahead For Homebuilders

Homebuilder stocks declined for the fifth consecutive day on Thursday, with U.S. mortgage rates spiking to 5.78%, the highest since 1987.

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said the SPDR S&P Homebuilders ETF (NYSE:XHB) traded 5 times its average daily put volume on Thursday.

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