I have traded KBH in the past and noticed that it typically moves with TOL during their earnings. I felt it would be underpriced with less IV because of this since their earnings are not until approximately June 25th . The July expiration allowed me to play TOL earnings and gave me enough time to also cover KBH earnings if necessary. Staying small still and focusing on % gain which this did nicely. I may have a bad habit of selling too soon since this option went up to $1.60 not long afterwards.