Lennar Offering Possible 7.99% Return Over the Next 19 Calendar Days

Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $38.00 short put and a strike $33.00 long put offers a potential 7.99% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $33.00 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 above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Lennar

Mortgage rates jump as the 10-year bond sells off
Mon, 30 Dec 2013 21:00:10 GMT
Market Realist – The FHFA increased the guarantee fee for conforming loans by 10 basis points. Newly appointed FHFA Chairman Mel Watt put these increases on hold.

Still Plenty of Upside in Homebuilders
Mon, 30 Dec 2013 15:42:11 GMT
Motley Fool – Despite the concerns that rising interest rates might stifle a housing rebound, the major homebuilders should still see impressive upside.

Jeff Saut: Stock Market Rally Poised to Extend in 2014
Mon, 30 Dec 2013 15:23:00 GMT
Minyanville – A look at what went right and wrong in 2013, and what's ahead in the new year.

Purchase applications drop as the year winds down
Mon, 30 Dec 2013 13:00:09 GMT
Market Realist – The MBA Purchase Index dropped by 3.5% last week, which makes sense given that the ten-year bond sold off a couple basis points.

Lennar gross margins hit a quarterly record!
Mon, 30 Dec 2013 13:00:07 GMT
Market Realist – Lennar's stock price is probably priced for another 1 million year in housing starts. If starts improve, Lennar's earnings will improve—even if margins fall.

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