Bearish flow noted in Lennar with 3,786 puts trading, or 2x expected. Most active are Apr-24 152.5 puts and 4/26 weekly 155 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 5.13, while ATM IV is up nearly 2 points on the day. Earnings are expected on June 12th.
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