Event: Lennar (LEN) reports their fiscal Q3 results tomorrow before the open. The options market is implying about a 3.5% one day post earnings move, which is rich to the 4 qtr average post earnings …
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Yesterday, Lennar (LEN), the largest homebuilding company by market cap and sales beat Q2 earnings estimates. Deliveries rose 12% year over year with a 4% increase in selling prices. Given the rate environment and the …
Continue readingPrior to Lennar’s (LEN) fiscal Q4 results in mid December, we placed a defined risk bearish trade when the stock was near $49, from Dec 17th: Trade: LEN ($48.95) Bought Jan 48 / 44 / 40 Put …
Continue readingShortly before Lennar (LEN) reported earnings we psoitioned for weakness in the stock with a defined risk put butterfly with good risk/reward (risking .70 with the chance for up to 3.30 in profits) if the …
Continue readingThe homebuilder Lennar Corp (LEN) is scheduled to report fiscal Q4 results tomorrow morning before the open. The options market is implying about a 4.3% one day move, which is rich to the 4 qtr …
Continue readingUp until yesterday’s weak data on existing home sales, and the reversal of many homebuilders in the last couple trading sessions, housing in the U.S. is perceived to be one of the brightspots in an otherwise mediocre, slow …
Continue readingHere is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1. LEN – Lenar (LEN) reports their fiscal Q1 results this morning before the open. Read our preview from yesterday …
Continue readingEvent: Lenar (LEN) reports their fiscal Q1 results tomorrow before the open, the options market is implying about a 6% one day move which is rich to the 4 qtr average move of 4%.
Continue readingOver the last few weeks, many technical analysts were calling for a breakout in the homebuilders stocks, particularly the iShares U.S. Home Construction etf the ITB as a pure-play on the sector (50% of the …
Continue readingCSCO – stock got drilled today, down nearly 11% on what amounted to disastrous revenue guidance for the current quarter, below the 4% yoy consensus for growth to down 8-10%. Options activity was …
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