Bearish flow noted in Lennar (LEN) with 6,850 puts trading, or 2x expected. Most active are Jul-25 100 puts and May-25 125 puts, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 5.95, while ATM IV is up over 1 point on the day. Earnings are expected on March 20th.
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