Deep-pocketed investors have adopted a bearish approach towards Lennar LEN, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LEN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Lennar. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 40% bearish. Among these notable options, 4 are puts, totaling $167,066, and 6 are calls, amounting to $313,190.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $135.0 and $190.0 for Lennar, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Lennar's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lennar's whale activity within a strike price range from $135.0 to $190.0 in the last 30 days.
Lennar Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LEN | CALL | SWEEP | BEARISH | 01/17/25 | $6.0 | $5.8 | $5.8 | $190.00 | $92.8K | 377 | 42 |
| LEN | CALL | TRADE | BULLISH | 11/15/24 | $12.6 | $12.3 | $12.5 | $160.00 | $62.5K | 116 | 80 |
| LEN | CALL | SWEEP | BEARISH | 01/17/25 | $8.5 | $8.2 | $8.2 | $180.00 | $62.3K | 326 | 200 |
| LEN | PUT | TRADE | NEUTRAL | 07/19/24 | $13.4 | $12.9 | $13.12 | $160.00 | $49.8K | 490 | 38 |
| LEN | PUT | TRADE | BULLISH | 07/19/24 | $13.4 | $13.1 | $13.22 | $160.00 | $48.9K | 490 | 75 |
About Lennar
Lennar is one of the largest public homebuilders in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily and single-family for rent construction and has invested in numerous housing-related technology startups.
Following our analysis of the options activities associated with Lennar, we pivot to a closer look at the company's own performance.
Where Is Lennar Standing Right Now?
- Trading volume stands at 547,525, with LEN's price down by -0.02%, positioned at $151.59.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 42 days.
Professional Analyst Ratings for Lennar
In the last month, 2 experts released ratings on this stock with an average target price of $171.0.
- Reflecting concerns, an analyst from Wedbush lowers its rating to Underperform with a new price target of $144.
- An analyst from Citigroup has decided to maintain their Buy rating on Lennar, which currently sits at a price target of $198.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lennar options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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