Lennar (LEN) Options Chain

NYSE: LENConsumer CyclicalResidential ConstructionUSD

76.69-0.91 (-1.17%)

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

Expiration date

Expiration: May 21, 2027
Days to expiration: 223
Share price: $76.69
Put/call ratio (OI): 0.79
Put/call ratio (volume): 3.25
ATM implied volatility: 45.3%
Expected move: ±$27.15
Open interest (C / P): 318 / 251

LEN options summary

The LEN options chain for the May 21, 2027 expiration lists 10 call and 11 put contracts, with 223 days until expiration. Open interest stands at 318 calls and 251 puts, a put/call ratio of 0.79, which is fairly balanced between calls and puts. At-the-money implied volatility near the $75.00 strike is 45.3%, which implies the market expects a move of about ±$27.15 (35.4%) in Lennar stock by expiration.

The most open interest sits at the $80.00 call (148 contracts) and the $70.00 put (65 contracts).

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

LEN options chain · May 21, 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
4	1	52.8%	37.20	35.90	38.60	40.00	0.15	0.50	0.35	51.6%	5	2
—	—	—	—	—	—	45.00	0.50	0.85	0.65	49.2%	5	51
1	—	60.7%	32.30	27.00	29.60	50.00	1.05	1.35	1.15	46.8%	10	56
—	—	—	—	—	—	55.00	1.60	2.20	2.02	45.8%	4	7
3	1	53.8%	20.00	18.90	21.60	60.00	2.35	3.30	3.09	44.3%	1	18
—	—	—	—	—	—	65.00	3.90	4.70	4.25	42.8%	5	6
130	10	52.6%	13.50	12.00	15.60	70.00	5.70	6.80	6.10	42.9%	50	65
11	11	49.8%	11.79	9.80	12.60	75.00	8.00	8.80	8.50	40.8%	5	34
LEN $76.69
148	1	46.7%	9.78	8.20	9.80	80.00	10.50	11.90	11.70	41.7%	4	5
11	1	49.1%	6.60	5.40	8.60	85.00	13.50	15.30	11.72	42.3%	1	2
—	—	—	—	—	—	95.00	20.40	22.60	22.50	41.9%	1	5
6	1	49.4%	3.00	3.00	4.90	100.00	—	—	—	—	—	—
4	1	43.6%	2.40	2.30	2.95	105.00	—	—	—	—	—	—
0	1	49.3%	1.67	0.95	3.30	110.00	—	—	—	—	—	—

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 May 21, 2027 expiration, the LEN put/call ratio based on open interest is 0.79 (251 puts vs 318 calls), and 3.25 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 May 21, 2027 is about 45.3%, 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.