Lennar (LEN) Offering Possible 22.55% Return Over the Next 13 Calendar Days

Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $47.50 short put and a strike $42.50 long put offers a potential 22.55% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.50 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $4.08 would be incurred if the stock dropped below the $42.50 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 54.65 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

Housing ETFs to Buy on D.R. Horton Beat & Likely Fed Rate Cut
Wed, 31 Jul 2019 12:00:12 +0000
D.R. Horton beats overall while many other homebuilding companies come up with upbeat results. This along with likely Fed rate cut bode well for housing ETFs.

The bond market has already delivered the Fed cut everyone's been waiting for
Tue, 30 Jul 2019 19:25:22 +0000
For months, bond investors have been trying to nudge the Federal Reserve into a new easing cycle.
However, an easing of sorts has been well underway.

D.R. Horton's (DHI) Q3 Earnings & Revenues Top Estimates
Tue, 30 Jul 2019 15:37:03 +0000
D.R. Horton's (DHI) affordable product offerings across multiple brands and higher deliveries aid the company to post better-than-expected fiscal Q3 results.

Construction Earnings Due on Jul 31: KBR, TMHC, MDC & More
Tue, 30 Jul 2019 14:45:02 +0000
The construction sector looks weak, given moderating U.S. economic growth and declining spending. However, lower mortgage rates and solid job market raise hopes.

Florida homebuilder snags key chunk of East Valley land
Fri, 26 Jul 2019 17:40:22 +0000
Plans call for building more than 300 homes on the 100-acre parcel. Model homes are expected to be ready by January 2021.

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