Option Plays for Lennar (LEN) and beyond

So today I am having a look at Lennar, to be perfectly honest, I have no idea about this stock so I am looking at it from a purely chart basis, looking like we are at the top of the channel

Whether or not it can continue its march higher remains to be seen, however I do think that this has a fair chance of a little bit of a retracement. So giving this trade a bit of a chance I am looking out to June and looking to get back to the $125 area Got 100 days for this to work...

From the list I am going to go for the 2nd one, I dont want any downside risk on this rade so am avoiding hr 1z2 ratio put spread.

a straight forward put spread that will monetize quickly if we go down at all

This put spread is currently sitting in its 19th percentile on a 2 year lookback so a pretty good value trade too

As expected, the front month IV is holding a lot of premium so dont look to swing for the fences on buying any front month options.. And as always, remember its always better to be lucky than good