Looking At Lennar's Recent Whale Trades

Looking At Lennar's Recent Whale Trades

 

Someone with a lot of money to spend has taken a bearish stance on Lennar LEN.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with LEN, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 17 options trades for Lennar.

This isn't normal.

The overall sentiment of these big-money traders is split between 47% bullish and 52%, bearish.

Out of all of the options we uncovered, 16 are puts, for a total amount of $5,558,590, and there was 1 call, for a total amount of $48,160.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $90.0 for Lennar over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Lennar options trades today is 867.0 with a total volume of 20,637.00.

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 $80.0 to $90.0 over the last 30 days.

Lennar Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
LEN PUT TRADE NEUTRAL 01/20/23 $85.00 $2.1M 2.7K 10.0K
LEN PUT TRADE BULLISH 01/20/23 $85.00 $2.1M 2.7K 4.0K
LEN PUT TRADE BULLISH 01/20/23 $85.00 $700.0K 2.7K 1.0K
LEN PUT TRADE BEARISH 01/20/23 $82.50 $108.5K 1.4K 897
LEN PUT TRADE NEUTRAL 01/20/23 $87.50 $81.8K 433 1.2K

Where Is Lennar Standing Right Now?

  • With a volume of 2,383,645, the price of LEN is down -0.01% at $88.07.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 34 days.

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.

If you want to stay updated on the latest options trades for Lennar, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets