Lennar Corporation (LEN) Greeks History
Greeks history tracks how Delta, Gamma, Theta, and Vega have evolved over time for a given expiration or position. Trends in Greeks can reveal shifting risk profiles and market dynamics.
Lennar Corporation (LEN) operates in the Consumer Cyclical sector, specifically the Residential Construction industry, with a market capitalization near $23.03B, listed on NYSE, employing roughly 13,265 people, carrying a beta of 1.42 to the broader market. Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. Led by Stuart A. Miller, public since 1980-03-17.
Snapshot as of May 29, 2026.
- Spot Price
- $90.25
- Net Gamma
- $2.7M
- Net Delta
- $14.2M
- Net Vega
- -$1.3M
- Term Structure Slope
- -0.01
As of May 29, 2026, Lennar Corporation (LEN) snapshot Greeks are net delta $14.2M, net gamma $2.7M, net vega -$1.3M. Term structure slope is -0.011, indicating backwardation (front-month IV above back-month, usually stress or event-driven). Historical aggregate Greeks let traders see how dealer positioning has shifted across regime changes. Large swings in net gamma or net vega often precede volatility expansion.
How LEN greeks history Data Feeds Strategy Selection
Strategy selection on Lennar Corporation options does not derive from any single metric in isolation. The greeks history view above sits inside a broader read: ATM IV currently sits at 47.7% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the greeks history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
How to read the LEN Greeks profile
The chart above tracks net dealer Greeks day by day so you can see how the aggregate book has moved over recent weeks. Current net dealer gamma is $2.7M - a positive (mean-reverting) hedging regime. Net dealer delta of $14.2M indicates long-delta dealer book - dealers are net long the underlying as a hedge. Net vega of -$1.3M measures dealer P&L sensitivity to IV shifts - a 1-point IV move shifts book value by approximately $1.3M.
LEN Greeks regime and dealer hedging
Aggregate dealer Greeks compress 4 sensitivities (delta, gamma, theta, vega) into a single read on hedging behavior. In the current positive-gamma regime, dealer hedging is structurally mean-reverting: as LEN moves higher, dealers sell into rallies; as it moves lower, dealers buy into dips. This is the mechanical basis for the "pin to max pain" pattern. Gamma decays as expiration approaches; near-dated Greek exposures dominate the hedging flow.
Using LEN Greeks data for strategy selection
The Greeks profile is the input to most quantitative options strategies. Premium-selling structures (covered calls, iron condors, cash-secured puts) are negative-gamma, positive-theta, negative-vega - they pay you for being patient about realized volatility but get hit when realized exceeds implied. Premium-buying structures (long calls, long puts, long straddles, ratio backspreads) are positive-gamma, negative-theta, positive-vega - they pay you when realized exceeds implied but bleed time decay otherwise. With LEN IV rank at 97.7%, premium-selling has structural tailwind from the elevated implied; size to the expected move. Combine the regime read with the Greeks decomposition on this page to size structures correctly.
Learn how options Greeks is reported and how to read the data →
Daily aggregate net dealer Greeks for LEN over the last ~38 trading days. Net GEX flips between positive (mean-reverting hedging regime) and negative (momentum-amplifying regime); DEX tracks directional hedging size; Vex tracks vol-of-vol exposure.
Most recent 15 trading days (descending). Older history appears in the chart above.
| Date | Net GEX | Net DEX | Net Vex | ATM IV |
|---|---|---|---|---|
| May 29, 2026 | $2.7M | $14.2M | -$1.3M | 47.7% |
| May 28, 2026 | $1.6M | $23.2M | -$1.2M | 46.9% |
| May 27, 2026 | $1.9M | $6.0M | -$1.3M | 48.1% |
| May 26, 2026 | $1.4M | $23.7M | -$1.2M | 45.3% |
| May 22, 2026 | $2.7M | $19.2M | -$1.3M | 43.9% |
| May 21, 2026 | $2.3M | $18.6M | -$1.3M | 44.5% |
| May 19, 2026 | -$1.1M | $97.7M | -$1.1M | 45.4% |
| May 18, 2026 | -$1.3M | $84.7M | -$1.1M | 45.5% |
| May 15, 2026 | -$7.3M | $216.4M | -$1.1M | 42.1% |
| May 14, 2026 | -$14.7M | $179.9M | -$1.2M | 42.0% |
| May 12, 2026 | -$9.7M | $152.6M | -$1.2M | 41.0% |
| May 11, 2026 | -$8.1M | $119.7M | -$1.3M | 41.8% |
| May 8, 2026 | -$5.6M | $112.6M | -$1.3M | 39.6% |
| May 7, 2026 | -$6.1M | $120.7M | -$1.3M | 40.5% |
| May 6, 2026 | -$4.7M | $85.6M | -$1.4M | 41.0% |
Frequently asked LEN greeks history questions
- What are the LEN aggregate Greek exposures?
- As of May 29, 2026, Lennar Corporation (LEN) snapshot Greeks are net delta $14.2M, net gamma $2.7M, net vega -$1.3M. These aggregate the dealer book across all listed strikes and expirations under the standard customer-versus-dealer sign convention.
- What does the LEN net dealer delta tell us?
- Net dealer delta of $14.2M represents the directional exposure dealers carry from their option inventory. Dealers continuously hedge this exposure with stock, futures, or correlated instruments, so the size of net delta is also the size of hedge flow that will execute as spot moves.
- How do LEN Greeks inform hedging?
- Delta tracks first-order directional exposure; gamma tracks how quickly delta changes; vega tracks IV sensitivity. Aggregated dealer Greeks let traders read the dealer-positioning regime: long-gamma regimes mean-revert moves; short-gamma regimes amplify them. Vega exposure indicates how dealer P&L responds to vol shocks and hence the direction of vol-shock hedging flows.