The Volatility Trader
105 W. Monument Street
Baltimore, MD 21201
Wednesday, May 24, 2006
Email – #126
** Lennar – Moving Up
Lennar Corp. (NYSE: LEN) is having another huge day. Our June $55 calls, LEN FK, are up 100%, which would net us around 25% for the play if we got out now – which we will not. That’s a nice gain in three days, but I think there’s more to come.
The technicals on this stock are pointing toward a $3 to $5 run, depending on the inflation news and the overall market.
If anyone is still holding the June $45 put, LEN RI, close out your position.
Good Trading!
Steve McDonald
Bio:
Before joining Mt. Vernon Research, Steve was honing the skills that make him an invaluable resource for our members. For 10 years, Steve was a professional broker with a prestigious Baltimore based full-service brokerage where he specialized in helping retired and semi-retired investors create and preserve wealth. His firm recognized his work with the elderly when he was selected as a representative to the Clinton Administration’s Council on Aging. Steve is a regular contributor to the Smart Options E-Report and Accelerated Profits Report.
Copyright – 2006 Mt Vernon Research. Mt Vernon Research does not act as an investment advisor or advocate the purchase or sale of any security or investment. Mt Vernon Research expressly forbids its writers from having a financial interest in any security recommended to its readers. All of our employees and agents must wait 24 hours after an Internet publication prior to following an initial recommendation. And for hard-copy-only publications, 72 hours after the publication is mailed. Investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Mt Vernon Research provides its members with unique opportunities to build and protect wealth, globally, under all market conditions. The executive staff, research department and editors who contribute to recommendations are proud of the reputation Mt Vernon Research has built since its inception in 1984. We believe the advice presented to its members in our published resources and at our meetings and seminars is the best and most useful available to global investors today. The recommendations and analysis presented to members is for the exclusive use of members. Copying or disseminating any information published by Mt Vernon Research, electronic or otherwise is strictly prohibited. Members should be aware that investment markets have inherent risks and there can be no guarantee of future profits. Likewise, past performance does not assure future results. Recommendations are subject to change at any time.
