Lennar (LEN) Offering Possible 16.28% Return Over the Next 7 Calendar Days

Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $102.00 short put and a strike $97.00 long put offers a potential 16.28% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $102.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $97.00 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 54.01 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

Lennar Corporation Declares Quarterly Dividends
Wed, 07 Apr 2021 20:30:00 +0000
Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share for both Class A and Class B common stock payable on May 5, 2021 to holders of record at the close of business on April 21, 2021.

Lennar's (LEN) Shares March Higher, Can It Continue?
Wed, 07 Apr 2021 13:18:01 +0000
As of late, it has definitely been a great time to be an investor in Lennar Corporation (LEN).

5 Top Growth Stocks to Boost Your Portfolio Returns in Q2
Wed, 07 Apr 2021 12:28:12 +0000
Series of rosy economic data is surely going to help stocks scale northward in the near term, which calls for investing in growth players like Goldman Sachs (GS), Alphabet (GOOGL) & Lennar (LEN).

Economic Diagnosis After 1 Year of COVID-19: 6 Stock Picks
Wed, 07 Apr 2021 11:44:11 +0000
Let us examine the health of the U.S. economy this World Health Day and bring to investors' attention the key developments and some solid picks for a robust investment portfolio.

Lennar (LEN) Soars to 52-Week High, Time to Cash Out?
Tue, 06 Apr 2021 13:15:01 +0000
Lennar (LEN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

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