UPDATE: Citi Downgrades Lennar to Neutral - Lennar (NYSE:LEN)

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

A report from Citi downgrades its rating from Buy to Neutral and reiterates its $20 price target on Lennar (NYSE: LEN).The report states, “We're downgrading LEN from Buy to Neutral primarily based on valuation. LEN is up ~30% since late September versus the homebuilder index which is up ~12% over the same period. On a P/TBV basis, LEN is trading toward the higher end of its valuation range of the past few years.”LEN closed yesterday at $18.12.

27% profits every 20 days?

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