Lennar (LEN) Offering Possible 9.89% Return Over the Next 13 Calendar Days

view original post

Lennar’s most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 9.89% 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 $77.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $72.50 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 53.35 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 hopes to make Burgermaster part of its big development by University Village
Thu, 05 May 2022 21:21:48 +0000
Safeway, which also operates on the property, said it’s evaluating the prospect of becoming part of the project.

Lennar buys golf course near Lake Worth Beach for $13M
Thu, 05 May 2022 18:30:31 +0000
Lennar Homes acquired part of the Fountains Country Club west of Lake Worth Beach. First, Concert Fountains Properties, managed by Peter J. Nanula in Newport Coast, California, sold the property for $9.27 million to Lynx Zuckerman at Palm Beach I LLC, managed by Michael McCarty in Coconut Creek. Then the land was sold for $13.44 million to Lennar Homes, part of Miami-based homebuilder Lennar Corp. (NYSE: LEN).

Lennar (LEN) Outpaces Stock Market Gains: What You Should Know
Tue, 03 May 2022 22:00:10 +0000
Lennar (LEN) closed at $79.19 in the latest trading session, marking a +1.68% move from the prior day.

7 Stocks to Sell Ahead of the Fed’s Next Rate Hike
Mon, 02 May 2022 19:36:40 +0000
The Federal Reserve’s rate hike can have a negative effect on the market, and these are some stocks to sell before the hike hits. Tesla (TSLA): Overvaluation and cheaper EV competitors makes it a sell during an economic decline. Amazon (AMZN): Recent downturn is likely to continue due to decline in online shopping growth and consumer demand. Nvidia (NVDA): Improving chip shortage, overvaluation and slowing consumer spending can hurt the company’s revenue. Boston Properties (BXP): Poor performanc

Lennar (LEN) Stock Sinks As Market Gains: What You Should Know
Wed, 27 Apr 2022 22:00:10 +0000
Lennar (LEN) closed at $75.79 in the latest trading session, marking a -1.85% move from the prior day.

Related Posts