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 21, 2028
Days to expiration: 468
Share price: $76.69
Put/call ratio (OI): 0.52
Put/call ratio (volume): 0.35
ATM implied volatility: 44.3%
Expected move: ±$38.48
Open interest (C / P): 5.51K / 2.85K

LEN options summary

The LEN options chain for the January 21, 2028 expiration lists 31 call and 27 put contracts, with 468 days until expiration. Open interest stands at 5,510 calls and 2,851 puts, a put/call ratio of 0.52, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $75.00 strike is 44.3%, which implies the market expects a move of about ±$38.48 (50.2%) in Lennar stock by expiration.

The most open interest sits at the $100.00 call (776 contracts) and the $70.00 put (530 contracts).

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

LEN options chain · January 21, 2028

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
55	2	50.2%	32.19	33.00	36.50	45.00	2.00	2.25	2.10	45.1%	20	477
34	6	52.7%	29.00	29.40	31.70	50.00	2.85	3.40	3.20	44.6%	1	69
123	13	53.3%	27.45	26.30	28.70	55.00	3.90	4.70	4.45	43.5%	5	112
413	3	49.8%	25.00	23.20	24.90	60.00	5.60	6.40	5.99	43.0%	8	173
59	1	50.0%	21.10	20.10	22.30	65.00	7.30	7.90	7.80	40.8%	9	225
65	1	52.2%	18.70	17.50	20.60	70.00	9.60	10.30	9.95	40.7%	12	530
161	1	48.5%	15.85	15.10	17.30	75.00	9.80	12.80	12.00	40.1%	3	165
LEN $76.69
231	6	46.0%	14.40	13.30	14.50	80.00	14.30	15.60	14.96	39.5%	7	134
209	1	47.2%	12.80	11.60	13.20	85.00	17.10	18.50	15.50	38.5%	5	138
103	83	48.1%	10.50	9.90	12.00	90.00	19.30	22.60	21.48	40.3%	1	145
116	1	45.3%	8.65	8.50	9.70	95.00	20.30	23.50	21.50	31.8%	2	214
776	21	46.1%	8.00	7.50	8.80	100.00	27.20	30.50	28.20	41.3%	1	269
97	49	45.0%	7.00	6.30	7.40	105.00	31.00	33.30	29.59	37.4%	3	78
276	4	44.1%	6.10	5.50	6.20	110.00	35.00	37.50	35.90	37.3%	2	30
171	1	44.0%	4.53	4.80	5.40	115.00	31.10	34.00	36.34	—	1	21
276	8	45.6%	4.33	3.50	5.20	120.00	43.00	46.90	44.00	39.8%	1	26
63	10	44.9%	3.90	3.70	4.40	125.00	47.50	50.80	49.70	37.3%	1	10
261	9	44.3%	3.50	3.00	3.70	130.00	45.00	49.00	41.63	—	1	3
193	3	47.3%	2.80	2.40	4.00	135.00	0.00	0.00	50.50	—	1	0
84	40	45.3%	2.41	2.15	3.10	140.00	62.00	65.50	64.47	41.2%	6	8
103	26	44.2%	2.00	1.80	2.50	145.00	36.00	40.00	47.05	—	1	1
225	2	45.7%	2.08	1.75	2.50	150.00	72.20	75.30	74.40	43.2%	3	1
15	3	46.6%	2.28	1.50	2.40	155.00	64.50	68.00	67.00	—	—	2
135	2	46.7%	1.55	0.20	2.15	160.00	—	—	—	—	—	—
15	2	45.7%	1.40	1.05	1.75	165.00	—	—	—	—	—	—
14	2	47.2%	1.50	0.80	1.80	170.00	77.50	82.00	76.75	—	1	0
160	5	47.1%	1.94	0.90	1.60	175.00	—	—	—	—	—	—
227	20	46.2%	0.88	0.75	1.30	180.00	63.90	69.00	70.01	—	10	10
140	2	46.5%	1.50	0.65	1.20	185.00	90.50	95.00	91.70	—	1	0
341	2	46.7%	0.75	0.55	1.10	190.00	—	—	—	—	—	—
369	5	46.8%	1.32	0.50	1.00	195.00	76.50	82.00	83.49	—	10	10

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 21, 2028 expiration, the LEN put/call ratio based on open interest is 0.52 (2,851 puts vs 5,510 calls), and 0.35 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 21, 2028 is about 44.3%, 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.