Darren Krett
Thursday 8 February 2024
LEVIATHAN TUTORIAL
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Darren Krett
Tuesday 12 March 2024
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So today I am having a look at Lennar, to be perfectly honest, I have no idea about this stock so I am looking at it from a purely chart basis, looking like we are at the top of the channel
Whether or not it can continue its march higher remains to be seen, however I do think that this has a fair chance of a little bit of a retracement. So giving this trade a bit of a chance I am looking out to June and looking to get back to the $125 area Got 100 days for this to work...
From the list I am going to go for the 2nd one, I dont want any downside risk on this rade so am avoiding hr 1z2 ratio put spread.
a straight forward put spread that will monetize quickly if we go down at all
This put spread is currently sitting in its 19th percentile on a 2 year lookback so a pretty good value trade too
As expected, the front month IV is holding a lot of premium so dont look to swing for the fences on buying any front month options.. And as always, remember its always better to be lucky than good
Darren Krett
Thursday 8 February 2024
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Darren Krett
Wednesday 2 November 2022
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