Lennar (LEN) Options Chain

NYSE: LENConsumer DiscretionaryHomebuildingUSD

76.69-0.91 (-1.17%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 97
Share price: $76.69
Put/call ratio (OI): 0.86
Put/call ratio (volume): 0.31
ATM implied volatility: 43.3%
Expected move: ±$17.10
Open interest (C / P): 13.19K / 11.40K

LEN options summary

The LEN options chain for the January 15, 2027 expiration lists 40 call and 32 put contracts, with 97 days until expiration. Open interest stands at 13,185 calls and 11,398 puts, a put/call ratio of 0.86, which is fairly balanced between calls and puts. At-the-money implied volatility near the $75.00 strike is 43.3%, which implies the market expects a move of about ±$17.10 (22.3%) in Lennar stock by expiration.

The most open interest sits at the $100.00 call (1.62K contracts) and the $80.00 put (2.61K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

LEN options chain · January 15, 2027

LEN calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
0	1	—	43.00	0.00	0.00	45.00	0.05	0.45	0.14	57.3%	300	312
13	10	64.2%	24.76	26.00	29.30	50.00	0.05	0.35	0.24	50.7%	1	121
8	1	70.4%	21.34	20.90	24.00	55.00	0.25	0.60	0.47	46.6%	1	523
217	5	63.3%	17.20	16.90	19.60	60.00	1.00	1.10	1.13	43.9%	2	381
35	11	52.7%	15.10	13.50	14.90	65.00	1.80	2.05	1.97	42.7%	202	681
80	1	48.8%	11.36	9.80	11.20	70.00	3.30	3.40	3.50	40.9%	126	797
111	11	45.5%	7.71	7.70	8.00	75.00	5.20	5.60	5.62	41.0%	13	1,838
LEN $76.69
742	78	44.8%	5.35	5.20	5.70	80.00	7.90	8.30	8.46	40.3%	6	2,610
509	3	44.6%	3.70	3.70	4.00	85.00	11.20	12.10	11.32	43.2%	16	299
693	6	44.1%	2.55	2.50	2.70	90.00	14.70	15.90	15.01	43.3%	1	993
565	45	44.3%	1.75	1.65	1.85	95.00	18.10	20.60	19.70	48.1%	2	592
1,618	1	47.6%	1.20	0.75	1.55	100.00	22.10	25.70	23.70	55.4%	11	1,380
493	2	47.5%	0.72	0.60	1.05	105.00	27.10	29.90	29.35	53.6%	3	474
760	1,758	45.7%	0.55	0.45	0.60	110.00	32.20	35.40	34.50	63.7%	2	368
1,126	3	48.9%	0.35	0.00	0.55	115.00	37.20	40.50	39.22	69.6%	3	4
364	2	52.7%	0.30	0.15	0.55	120.00	42.20	45.60	43.34	53.5%	5	5
696	20	50.3%	0.25	0.10	0.30	125.00	47.30	49.80	38.00	70.6%	1	4
547	82	50.1%	0.13	0.10	0.30	130.00	40.30	43.20	47.00	—	6	3
396	70	50.8%	0.10	0.05	0.25	135.00	45.00	48.30	51.25	—	5	0
330	1	56.7%	0.15	0.00	0.45	140.00	49.80	53.60	56.10	—	1	0
374	2	65.1%	0.32	0.15	0.65	145.00	40.00	46.00	28.50	—	1	2
464	41	53.5%	0.08	0.00	0.15	150.00	59.80	63.30	63.52	—	1	0
646	41	53.1%	0.05	0.00	0.05	155.00	0.00	0.00	47.01	—	1	0
961	1	59.8%	0.07	0.00	0.20	160.00	65.90	69.20	60.86	—	2	1
173	2	63.7%	0.12	0.00	0.25	165.00	70.90	74.20	65.44	—	1	7
320	10	68.6%	0.13	0.00	0.35	170.00	62.00	66.50	47.40	—	3	2
188	4	63.7%	0.15	0.00	0.15	175.00	84.20	87.30	90.05	—	2	0
243	21	58.6%	0.16	0.00	0.05	180.00	92.70	96.60	89.19	—	1	0
25	1	86.8%	1.00	0.10	0.90	185.00	0.00	0.00	75.81	—	1	0
45	1	87.3%	0.21	0.00	0.90	190.00	83.00	86.50	70.10	—	3	0
63	10	90.1%	0.45	0.00	0.95	195.00	—	—	—	—	—	—
0	13	50.0%	0.02	0.00	0.00	200.00	109.10	112.30	114.30	—	2	0
55	1	184.7%	6.01	6.00	11.00	210.00	—	—	—	—	—	—
5	2	177.7%	6.56	4.50	9.50	220.00	88.00	93.00	62.25	—	—	1
66	17	171.5%	4.74	3.50	8.00	230.00	—	—	—	—	—	—
37	6	166.4%	3.50	2.50	7.00	240.00	—	—	—	—	—	—
120	1	163.2%	3.70	1.60	6.50	250.00	—	—	—	—	—	—
38	18	144.6%	7.12	1.65	2.70	260.00	—	—	—	—	—	—
9	1	161.1%	2.66	1.50	5.00	270.00	—	—	—	—	—	—
50	1	152.9%	2.49	0.70	4.00	280.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the LEN put/call ratio?

For the January 15, 2027 expiration, the LEN put/call ratio based on open interest is 0.86 (11,398 puts vs 13,185 calls), and 0.31 based on today's volume. A ratio above 1 means more puts than calls.

What is LEN's implied volatility?

At-the-money implied volatility for LEN options expiring January 15, 2027 is about 43.3%, an annualized estimate of how much the market expects Lennar stock to move.

How many LEN option expiration dates are there?

LEN has 15 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.