This is a follow-up to my post describing my bearishness against homebuilder Lennar (LEN). This massive topping pattern is behaving itself beautifully:
I have deliberately picked in-the-money, long-dated put options for this one. I own January 2027 $100 puts, and they’re presently up 7%, and given the long-term chart shown below, I have greater ambitions than this: my price target for LEN is too low to mention.
