Lennar Offering Possible 9.41% Return Over the Next 22 Calendar Days

Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 9.41% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock dropped below the $30.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Lennar is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Lennar is bullish.

The RSI indicator is at 61.89 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Lennar

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Thu, 24 Oct 2013 21:15:03 GMT
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Thu, 24 Oct 2013 17:30:05 GMT
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Owens Corning plunges on Q3 data
Wed, 23 Oct 2013 21:22:00 GMT
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Existing home sales: Issue for consumer?
Mon, 21 Oct 2013 14:04:00 GMT
CNBC – Nick Colas, ConvergEx Group, and Diane Swonk, Mesirow Financial, discuss the impact of falling existing home sales on the overall markets. It's a real problem for first time buyers with overhang of student …

Existing home sales in Sept. down 1.9%
Mon, 21 Oct 2013 14:00:00 GMT
CNBC – CNBC's Diana Olick reports September existing home sales slipped lower-than-expected, as the annual pace slows.

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