Short LEN/ BUY LEN 12/22/23 140 PUT
Today the FED is creating one last big upside capitulation in interest rate sensitive stocks. Home Builders have been flying like crazy as of late and so Lennar is up 8 days in a row today (the magic number) and over 3% right now at lock. The stock is historically stretched on the upside. 3 Stars Trade last hour.
The stock is up 36% in a little over 1 month, and a pullback towards moving averages in imminent.
