Bearish flow noted in Lennar with 1,672 puts trading, or 1.2x expected. Most active are 9/22 weekly 120 calls and Sep-23 114 puts, with total volume in those strikes near 750 contracts. The Put/Call Ratio is 1.57, while ATM IV is up over 1 point on the day. Earnings are expected on September 14th.
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