Check Out What Whales Are Doing With LEN
Portfolio Pulse from Benzinga Insights
A large bearish position on Lennar (NYSE:LEN) has been spotted on Benzinga's options scanner, with 11 uncommon options trades identified. The sentiment of these big-money traders is split between 45% bullish and 54% bearish, targeting a price range of $87.5 to $120 for Lennar over the last 3 months.
May 18, 2023 | 5:30 pm
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A large bearish position has been identified on Lennar (NYSE:LEN), with big-money traders sentiment split between 45% bullish and 54% bearish, targeting a price range of $87.5 to $120 over the last 3 months.
The large bearish position on Lennar indicates that a significant investor or institution believes the stock price may decline in the short term. This bearish sentiment, combined with the fact that 54% of big-money traders are also bearish, suggests that there may be downward pressure on the stock price in the short term. Additionally, the targeted price range of $87.5 to $120 over the last 3 months indicates that these traders have been actively positioning themselves for potential price movements within this range.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100