Lennar Unusual Options Activity For September 22
Portfolio Pulse from Benzinga Insights
Lennar Corporation (NYSE:LEN) has seen unusual options activity, with a significant number of investors taking a bearish stance. Of the 21 strange trades detected, 52% were bearish and 47% bullish. The total amount for puts was $607,471 and for calls, $294,607. Whales have been targeting a price range from $110.0 to $120.0 for Lennar over the last 3 months. The current price of LEN is $113.0, down -0.12%. Analysts from BTIG, UBS, JP Morgan, Citigroup, and RBC Capital have maintained their ratings on Lennar.

September 22, 2023 | 6:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Lennar Corporation has seen unusual options activity, with a significant number of investors taking a bearish stance. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a significant number of investors, could potentially lead to a decrease in Lennar's stock price in the short term. However, the impact may be mitigated by the fact that a number of analysts have maintained their ratings on the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100