LEN as of Oct 31 · 14:52 ET

LENNYSEGeneral Bldg Contractors - Residential Bldgs

Lennar Corp · Brief

Next report

45 days

Dec 15 · after closeest.Q4 FY26

Earnings

Expected move

Inputs

±11.3%implied · straddle

77.0896.80

spot 86.94exp Dec 18ATM strike 85ATM straddle 11.60IV 46%

Oct 30 closeprovisional

Expected move

Inputs

Implied vs realized

8 reportsHistory

2 of 8≥ implied

avg implied: ±5.0%
avg realized: ±4.0%

Dec 18 '24±4.9%▼−5.16%×1.05

Mar 20 '25±5.8%▼−4.04%×0.69

Jun 16 '25±6.0%▼−4.46%×0.74

Sep 18 '25±5.0%▼−4.18%×0.83

Dec 16 '25±4.7%▼−4.54%×0.96

Q1 FY26±3.7%▲+2.62%×0.71

Q2 FY26±4.8%▼−4.90%×1.03

Q3 FY26±5.4%▲+1.71%×0.32

quarterimplied−10%0+10%realized×

Q3 FY26±5.4%▲+1.71%×0.32

Q2 FY26±4.8%▼−4.90%×1.03

Q1 FY26±3.7%▲+2.62%×0.71

Dec '25±4.7%▼−4.54%×0.96

Sep '25±5.0%▼−4.18%×0.83

Jun '25±6.0%▼−4.46%×0.74

2 older reports

Mar '25±5.8%▼−4.04%×0.69

Dec '24±4.9%▼−5.16%×1.05

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Dec 15 report · est.

Bull2 of 4

88.00%of that customer's revenue, reported in its own SEC filingSEC filings

+4.25%net increase among the largest reporting managers' holdings in the latest quarter13F · Jun 30 '26

Bear2 of 4

7 of 24of the largest reporting managers reduced their stake in the latest quarter13F · Jun 30 '26

6 of 8recent reports where the move landed below the options implied rangeEarnings history

AI captions · Sep 28 '26once per report · top 2 per case

Linked exposure

LEN report session

Suppliers 2

GFFGriffon×0.55 PCYOPure Cycle×0.22

× = co-movement · max 501dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 298-KMaterial agreement: 8-K Item 1.01.Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.