Lennar's most recent trend suggests a bullish bias. One trading opportunity on Lennar is a Bull Put Spread using a strike $94.50 short put and a strike $89.50 long put offers a potential 31.58% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $94.50 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $89.50 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 67.46 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
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Mon, 22 Mar 2021 15:58:00 +0000
Upward America, the single family rental venture formed by Lennar Corporation (NYSE:LEN and LEN:B), has selected RESICAP to be its primary property management and maintenance provider throughout the nation. Founded in 2010, and currently the leading vertically integrated solution for institutional owners of single-family rental assets, RESICAP has the capacity and experience to handle the more than $4 billion of build-to-rent homes Upward America anticipates acquiring across dozens of markets.
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