Notable Put Options Activity in Lennar
December 21, 2011 12:47 PM
Shares of Lennar (NYSE: LEN) are lower on the session by 0.08%, currently trading at $19.66. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $20.00 put, which has traded 6,200 times on open interest of 2,296 contracts.
Put volume is outpacing call volume by 8 to 1.
Lennar Corporation is a homebuilder and a provider of financial services. The company, through its Rialto Investments segment, is an investor in distressed real estate assets.
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