Investors with a lot of money to spend have taken a bearish stance on Lennar (NYSE:LEN).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LEN, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Lennar.
This isn't normal.
The overall sentiment of these big-money traders is split between 18% bullish and 45%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $343,071, and 5 are calls, for a total amount of $285,958.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $160.0 for Lennar over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Lennar's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lennar's whale activity within a strike price range from $80.0 to $160.0 in the last 30 days.
Lennar Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LEN | PUT | SWEEP | BULLISH | 07/18/25 | $9.4 | $9.3 | $9.4 | $125.00 | $126.8K | 69 | 135 |
| LEN | CALL | TRADE | BEARISH | 05/16/25 | $5.2 | $4.9 | $5.0 | $150.00 | $122.5K | 1.5K | 356 |
| LEN | PUT | SWEEP | NEUTRAL | 05/16/25 | $7.3 | $7.1 | $7.3 | $125.00 | $64.2K | 1.5K | 993 |
| LEN | CALL | TRADE | BULLISH | 05/16/25 | $2.75 | $2.6 | $2.75 | $160.00 | $55.0K | 114 | 200 |
| LEN | PUT | SWEEP | NEUTRAL | 05/16/25 | $7.4 | $7.3 | $7.3 | $125.00 | $51.1K | 1.5K | 1.3K |
About Lennar
Lennar is one of the largest public homebuilders in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily and single-family for rent construction and has invested in numerous housing-related technology startups.
After a thorough review of the options trading surrounding Lennar, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Lennar's Current Market Status Currently trading with a volume of 1,378,539, the LEN's price is up by 0.99%, now at $132.88. RSI readings suggest the stock is currently may be oversold. Anticipated earnings release is in 57 days. Expert Opinions on Lennar
5 market experts have recently issued ratings for this stock, with a consensus target price of $153.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Citigroup persists with their Neutral rating on Lennar, maintaining a target price of $150. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Lennar with a target price of $145. * Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Lennar, targeting a price of $135. * An analyst from Wells Fargo persists with their Equal-Weight rating on Lennar, maintaining a target price of $165. * Consistent in their evaluation, an analyst from Keefe, Bruyette & Woods keeps a Outperform rating on Lennar with a target price of $170.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lennar options trades with real-time alerts from Benzinga Pro.
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