Whales with a lot of money to spend have taken a noticeably bearish stance on Lennar.
Looking at options history for Lennar LEN we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 13 are puts, for a total amount of $639,598 and 3, calls, for a total amount of $914,350.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $155.0 to $175.0 for Lennar during the past quarter.
Insights into Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Lennar's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Lennar's significant trades, within a strike price range of $155.0 to $175.0, over the past month.
Lennar Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LEN | CALL | TRADE | BULLISH | 01/16/26 | $21.3 | $20.6 | $21.1 | $175.00 | $844.0K | 724 | 400 |
| LEN | PUT | SWEEP | BEARISH | 04/26/24 | $3.5 | $3.3 | $3.5 | $157.50 | $73.1K | 495 | 270 |
| LEN | PUT | TRADE | BEARISH | 04/26/24 | $3.8 | $3.6 | $3.72 | $157.50 | $60.2K | 495 | 348 |
| LEN | PUT | SWEEP | BULLISH | 07/19/24 | $12.8 | $12.3 | $12.46 | $165.00 | $51.1K | 210 | 37 |
| LEN | PUT | SWEEP | BULLISH | 07/19/24 | $13.5 | $13.2 | $13.28 | $165.00 | $50.4K | 210 | 124 |
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.
Having examined the options trading patterns of Lennar, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Lennar's Current Market Status
- Currently trading with a volume of 1,005,635, the LEN's price is down by -1.18%, now at $153.87.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 49 days.
Professional Analyst Ratings for Lennar
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target 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 persists with their Buy rating on Lennar, maintaining a target price 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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