LEN – Your Bullseye Pick of the Week - Bullseye Pick of the Week
In a nutshell, LEN was pretty awesome. While the market was sloppy and ultimately traded higher, the options I told you about on LEN made a 150% move higher in a few days.
That is exactly how I plan every Bullseye Trade to go… though they don’t always work out that way.
My Trade Details:
- LEN May 19 2023 $113 call near $2.20
- Stop: Close below $107
- Target 1: $116
- Target 2: $120
This week, I am looking to make a bet that one of the strongest sectors will continue to charge higher, and that is with home builders.
My top idea this week is: Lennar Corp (LEN)
As I said, this will be an extremely choppy week for the markets. When I do trade, I plan to trade with a smaller size than normal and give myself more room to stop out of a trade because things will likely be more volatile than usual.
I am looking for an initial dip on LEN to get started on my position.
I plan to add to this trade if LEN gets to around $109.