Financial giants have made a conspicuous bullish move on Lennar. Our analysis of options history for Lennar LEN revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $69,230, and 7 were calls, valued at $481,120.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $155.0 for Lennar over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $90.0 to $155.0 in the last 30 days.
Lennar 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LEN | CALL | TRADE | BULLISH | 01/19/24 | $120.00 | $240.0K | 4.2K | 75 |
| LEN | CALL | TRADE | BEARISH | 01/17/25 | $150.00 | $55.5K | 1.2K | 25 |
| LEN | CALL | TRADE | NEUTRAL | 12/19/25 | $97.50 | $50.5K | 15 | 8 |
| LEN | CALL | TRADE | BULLISH | 06/21/24 | $90.00 | $50.5K | 247 | 8 |
| LEN | PUT | SWEEP | BULLISH | 05/17/24 | $155.00 | $35.3K | 65 | 33 |
About Lennar
Based on the number of delivered homes, Lennar is the second-largest public homebuilder in the United States, behind D.R. Horton. 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 construction and has invested in numerous housing-related technology startups.
Lennar's Current Market Status
- With a volume of 957,843, the price of LEN is up 0.33% at $155.71.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 60 days.
What The Experts Say On Lennar
In the last month, 4 experts released ratings on this stock with an average target price of $157.5.
- An analyst from Goldman Sachs persists with their Buy rating on Lennar, maintaining a target price of $158.
- Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Lennar, targeting a price of $170.
- An analyst from Raymond James has decided to maintain their Outperform rating on Lennar, which currently sits at a price target of $165.
- An analyst from RBC Capital has decided to maintain their Underperform rating on Lennar, which currently sits at a price target of $137.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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