Lennar (LEN) Offering Possible 36.99% Return Over the Next 27 Calendar Days

Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $78.00 short put and a strike $73.00 long put offers a potential 36.99% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $78.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $73.00 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 44.24 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 (LEN) Stock Moves -0.99%: What You Should Know
Thu, 21 Apr 2022 22:00:10 +0000
Lennar (LEN) closed the most recent trading day at $79.02, moving -0.99% from the previous trading session.

The Zacks Analyst Blog Highlights Lennar, D.R. Horton, KB Home and Toll Brothers
Thu, 21 Apr 2022 10:43:10 +0000
Lennar, D.R. Horton, KB Home and Toll Brothers have been included in this Analyst Blog.

Elon Musk’s Boring Co. Raises Funding at Nearly $6 Billion Valuation
Thu, 21 Apr 2022 02:37:16 +0000
(Bloomberg) — Elon Musk’s tunneling startup Boring Co. has raised $675 million in a funding round led by Vy Capital and Sequoia Capital. The round values the startup at $5.675 billion, the company said in a press release on Wednesday. Most Read from BloombergThe Second Wave of the Russian Oil Shock Is StartingKremlin Insiders Alarmed Over Growing Toll of Putin’s War in UkraineUkraine Latest: U.S. Says It Has Slowed Tech Goods to RussiaPutin Calls Off Storm of Mariupol With Ukraine Troops Surrou

KBR Inks 7-Year Maintenance Services Contract, Boosts Backlog
Wed, 20 Apr 2022 16:32:04 +0000
Per the latest contract, KBR is set to offer maintenance services at the SATORP refinery in Jubail, Kingdom of Saudi Arabia.

LMC Announces Opening of The Remy
Wed, 20 Apr 2022 16:04:00 +0000
LMC, a wholly owned subsidiary of Lennar Corporation [NYSE: LEN] and a leader in apartment development and management, today announced the opening of The Remy, a luxury apartment community in Plantation, located just west of Ft. Lauderdale. Leasing has started and residents are already enjoying what The Remy has to offer.

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