Lennar Corp (LEN) one of the largest U.S. homebuilder by market cap ($15 billion) and expected sales (~$21 billion) will report Q3 earnings tomorrow before the open. The options market is implying about a 5.5% move …

Friday on CNBC’s Options Action I detailed a near-term, defined risk bearish trade idea on the Consumer Staples sector via the ETF XLP. Watch here. In the video I make the point that the XLP is …