Financial giants have made a conspicuous bearish move on Lennar. Our analysis of options history for Lennar LEN revealed 9 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $116,680, and 6 were calls, valued at $613,209.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $165.0 to $220.0 for Lennar during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Lennar stands at 2750.67, with a total volume reaching 15,044.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lennar, situated within the strike price corridor from $165.0 to $220.0, throughout the last 30 days.
Lennar Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LEN | CALL | TRADE | NEUTRAL | 10/18/24 | $4.2 | $4.0 | $4.1 | $195.00 | $410.0K | 11 | 1.0K |
| LEN | PUT | SWEEP | BEARISH | 03/21/25 | $9.5 | $9.3 | $9.5 | $165.00 | $58.9K | 91 | 63 |
| LEN | CALL | SWEEP | BEARISH | 01/17/25 | $20.5 | $20.1 | $20.1 | $175.00 | $42.2K | 14.7K | 1.1K |
| LEN | CALL | SWEEP | BEARISH | 01/17/25 | $20.5 | $20.1 | $20.1 | $175.00 | $40.3K | 14.7K | 1.0K |
| LEN | CALL | SWEEP | BULLISH | 01/17/25 | $4.2 | $3.9 | $4.19 | $220.00 | $40.2K | 1.0K | 5.1K |
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.
Present Market Standing of Lennar
- Currently trading with a volume of 487,575, the LEN's price is up by 0.2%, now at $181.62.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 14 days.
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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