Whales with a lot of money to spend have taken a noticeably bullish stance on Lennar.
Looking at options history for Lennar (NYSE:LEN) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $121,257 and 5, calls, for a total amount of $259,621.
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 $100.0 and $165.0 for Lennar, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $100.0 to $165.0 in 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 | BEARISH | 06/21/24 | $7.0 | $6.7 | $6.7 | $150.00 | $100.5K | 612 | 10 |
| LEN | CALL | SWEEP | BEARISH | 06/21/24 | $5.6 | $5.5 | $5.5 | $152.50 | $64.3K | 157 | 35 |
| LEN | PUT | SWEEP | BEARISH | 08/16/24 | $12.1 | $11.9 | $12.1 | $160.00 | $48.4K | 347 | 24 |
| LEN | PUT | SWEEP | BULLISH | 06/21/24 | $6.2 | $6.1 | $6.2 | $155.00 | $46.5K | 693 | 11 |
| LEN | CALL | SWEEP | BULLISH | 06/14/24 | $0.8 | $0.65 | $0.8 | $157.50 | $37.3K | 666 | 2 |
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?
- With a trading volume of 1,753,363, the price of LEN is down by -2.05%, reaching $152.23.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 6 days from now.
What The Experts Say On Lennar
In the last month, 1 experts released ratings on this stock with an average target price of $144.0.
- An analyst from Wedbush downgraded its action to Underperform with a price target of $144.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.