Financial giants have made a conspicuous bullish move on Lennar. Our analysis of options history for Lennar LEN revealed 14 unusual trades.
Delving into the details, we found 64% of traders were bullish, while 21% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $98,643, and 11 were calls, valued at $484,787.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $105.0 to $180.0 for Lennar over the recent three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lennar's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lennar's substantial trades, within a strike price spectrum from $105.0 to $180.0 over the preceding 30 days.
Lennar 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LEN | CALL | SWEEP | BULLISH | 05/17/24 | $8.2 | $7.7 | $8.02 | $160.00 | $97.1K | 1.4K | 134 |
| LEN | CALL | TRADE | BEARISH | 01/17/25 | $69.0 | $67.7 | $68.15 | $105.00 | $68.1K | 1.2K | 10 |
| LEN | CALL | TRADE | BULLISH | 05/31/24 | $7.2 | $6.3 | $7.2 | $162.50 | $54.0K | 3 | 75 |
| LEN | PUT | TRADE | BEARISH | 07/19/24 | $5.0 | $4.8 | $5.0 | $160.00 | $40.0K | 789 | 142 |
| LEN | CALL | SWEEP | BULLISH | 08/16/24 | $13.1 | $12.9 | $13.1 | $165.00 | $39.3K | 1.5K | 42 |
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
Where Is Lennar Standing Right Now?
- Currently trading with a volume of 829,111, the LEN's price is up by 2.43%, now at $166.27.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 28 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Lennar with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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