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[DD] $LEN - earnings run-up play for a non-meme WSBer
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Spuri0n is in DD
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$LEN - Lennar Corporation (earnings post-market 6/16)

just gonna post this on here cause I want to provide a nice play for WSB'ers to earn a modest 20%-100% gain relatively safely. I found $LEN by perusing the upcoming earner's to capture their run-up for easy gainz.

$LEN's chart caught my attention when I saw the dip and contrasted that with the references I hear to the skyrocketing home buying and housing margin price increases. After further shitty-TA I have concluded that $LEN will make a run to $100 by their earnings date: 6/16.

Why? if we look at $TOL, a similar company to $LEN, their earnings were relatively recent and were quite incredible. $LEN is positioned just as well, if not better than $TOL in the same market conditions. I think a sizable surprise could be in store for $LEN and with the month long dip losing steam, it looks like $LEN is ready to move upwards within a week. Typically in the past there has always been a modest 3% run-up by earnings with potentially more post-earnings.

What positions?

  • 6/25 - $95 calls

  • 7/16 - $97.50 / $100 calls

Whats the plan? i've already bought $14k worth of contracts at the price point of $95.50 and will wait until $LEN hits above $98.50 to consider selling.

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Posted
3 years ago