Lennar Unusual Options Activity For May 22
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Lennar (NYSE:LEN), with 64% of detected unusual options trades being bearish. 11 puts amounting to $440,023 and 3 calls amounting to $237,753 were spotted. Whales have been targeting a price range of $110 to $130 for Lennar over the last 3 months.
May 22, 2023 | 5:31 pm
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A whale has taken a bearish stance on Lennar, with 64% of detected unusual options trades being bearish. Whales have been targeting a price range of $110 to $130 for Lennar over the last 3 months.
The bearish stance taken by a whale on Lennar indicates that there is a significant amount of money betting on the stock's decline. This could lead to increased selling pressure and a potential short-term drop in the stock price. The targeted price range of $110 to $130 also suggests that the stock may experience volatility within this range.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100