Lennar Options Active Ahead Of Fed Decision (LEN)

Lennar Corp. (NYSE: LEN) shares are active ahead of Tuesday's interest rate decision. The home builder ETF(NYSE: XHB) is up 3% with Lennar up nearly 8% to 15.70 on above average volume of over 8 million shares vs 4 million 3 month average.

Options traders focused heavily on the November 16 and 17 calls. The 16 strike trading 13k contracts vs open an interest of 20k. The 17 strike traded 6k contracts vs an open interest of 3500 contracts.

The December 17 calls are active as well with nearly 5k trading vs an open interest of 3600 contracts.

Day's Range: 14.58 - 15.72
52wk Range: 11.56 - 21.79