Despite an overwhelming supply of dismal housing data (earlier), PulteGroup (PHM +2.6%)...

|By:, SA News Editor

Despite an overwhelming supply of dismal housing data (earlier), PulteGroup (PHM +2.6%) continues to climb a "wall of worry," gaining ~11% over the past three sessions. Pulte has been breaking from its struggling homebuilder rivals since Goldman named it a "conviction buy" in March. Aggressive call option buying is the catalyst today as traders snap up the January $11 calls on heavy volume.