Bearish flow noted in Lennar (LEN) with 4,054 puts trading, or 2x expected. Most active are 3/14 weekly 123 puts and 3/14 weekly 122 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 2.87, while ATM IV is up over 1 point on the day. Earnings are expected on March 20th.
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