Lennar (LEN) Offering Possible 49.25% Return Over the Next 20 Calendar Days

Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $96.50 short put and a strike $91.50 long put offers a potential 49.25% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $96.50 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $91.50 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 51.69 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

Jeff Roos, Regional President for Lennar, Named 2021 Inductee into California Homebuilding Foundation's Hall of Fame
Thu, 24 Jun 2021 16:00:00 +0000
Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced today that Jeff Roos, Regional President for Lennar's Western Region, is one of five 2021 inductees into California Homebuilding Foundation's (CHF) Hall of Fame.

KB Home (KBH) Q2 Earnings Beat, Revenues Miss, Shares Slide
Thu, 24 Jun 2021 14:17:02 +0000
KB Home (KBH) posts better-than-expected fiscal Q2 earnings on strong housing market demand and increased operating leverage owing to higher revenues.

Does Declining Home Sales Signal End of COVID-Led Housing Boom?
Thu, 24 Jun 2021 14:10:02 +0000
New and existing home sales decline in May, thanks to record-high home prices and a tight supply. Does this prepare us for a grim outlook for housing?

The red hot housing market is slowing down the economy
Thu, 24 Jun 2021 09:11:08 +0000
Top news and what to watch in the markets on Thursday, June 24, 2021.

Cramer's Mad Money Recap: Toll Brothers, Lennar
Wed, 23 Jun 2021 19:05:00 +0000
Jim Cramer says once the rebalancing of America's workforce is complete, there just might be a return to normal without intervention.

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