Whales with a lot of money to spend have taken a noticeably bullish stance on Lennar.
Looking at options history for Lennar LEN we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $462,987 and 14, calls, for a total amount of $48,042,300.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $130.0 and $170.0 for Lennar, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Lennar options trades today is 935.08 with a total volume of 13,535.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Lennar's big money trades within a strike price range of $130.0 to $170.0 over the last 30 days.
Lennar 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LEN | CALL | TRADE | BULLISH | 07/19/24 | $5.1 | $4.9 | $5.1 | $160.00 | $47.4M | 419 | 72 |
| LEN | PUT | SWEEP | BEARISH | 07/19/24 | $5.5 | $5.0 | $5.0 | $150.00 | $205.8K | 1.2K | 51 |
| LEN | CALL | SWEEP | BEARISH | 12/19/25 | $43.9 | $41.9 | $42.7 | $130.00 | $72.5K | 9 | 0 |
| LEN | CALL | SWEEP | BULLISH | 07/26/24 | $4.7 | $4.2 | $4.6 | $165.00 | $70.3K | 3 | 0 |
| LEN | CALL | SWEEP | BEARISH | 06/21/24 | $6.6 | $6.4 | $6.4 | $155.00 | $63.7K | 1.0K | 672 |
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.
In light of the recent options history for Lennar, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Lennar Standing Right Now?
- With a volume of 2,119,417, the price of LEN is up 0.92% at $156.53.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 0 days.
Expert Opinions on Lennar
1 market experts have recently issued ratings for this stock, with a consensus target price of $144.0.
- In a cautious move, an analyst from Wedbush downgraded its rating to Underperform, setting a price target of $144.
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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