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Income Madness Trade Alert: LEN

Let’s book profits on our Lennar (LEN) put, earning a 0.6% return in four days, or 51% annualized, and freeing up capital for new trades.

Current Stock Price: $76.58

Cash in Hand: $0.62

Action: Buy to close the LEN Oct Week One (10/7) 70 Put for around $0.23, but adjust as needed to close today

Profit: $0.39, or $39 per contract

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