Bearish flow noted in Lennar with 15,544 puts trading, or 6x expected. Most active are Feb-23 77.5 puts and Jan-23 85 puts, with total volume in those strikes near 12,600 contracts. The Put/Call Ratio is 11.86, while ATM IV is up over 1 point on the day. Earnings are expected on December 14th.
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Published first on TheFly
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