Bearish flow noted in Lennar (LEN) with 3,009 puts trading, or 3x expected. Most active are 1/23 weekly 117 puts and 1/23 weekly 110 puts, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 10.10, while ATM IV is up nearly 3 points on the day. Earnings are expected on March 19th.
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