$LEN

LEN Covered Call (Oct 2026)

Filled View on X

Strategy Covered Call

Entry date Oct 6, 2026

Net $63.50 debit

Legs

Action	Qty	Expiry	Strike	Type	Premium
Buy	100	-	-	Stock	$77.60
STO	1	Sep 17, 2027	75.00	Call	$14.10

Supporting documents

LEN covered call order ticket: buy 100 shares, sell Sep 2027 $75 call, $63.50 net debit

LEN dividend history: $0.50 quarterly, 2.58% yield, ex-div Oct 7 2026

LEN long-term price chart showing decline from 2022 high

Trade thesis

Lennar down ~60% from its $193.80 high (2022). Slightly in-the-money buy-write: $14.10 premium banked, $63.50 breakeven (18.2% cushion). Max ~21% if called away at $75 (~22% annualized with ~$2.00 expected dividends; ex-div Oct 7, 2026 captures the first $0.50). LEN covered call order ticket: buy 100 shares, sell Sep 2027 $75 call, $63.50 net debit LEN dividend history: $0.50 quarterly, 2.58% yield, ex-div Oct 7 2026 LEN long-term price chart showing decline from 2022 high