Looking At Eli Lilly's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Eli Lilly (NYSE:LLY), with 20 uncommon options trades spotted, 75% bullish and 25% bearish. Whales have been targeting a price range of $200 to $490 for the company over the last 3 months.
May 19, 2023 | 4:31 pm
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Eli Lilly experiences unusual options activity, with 75% of big-money traders bullish and 25% bearish. Whales target a $200-$490 price range.
The unusual options activity indicates that big-money traders are taking positions in Eli Lilly, with a majority being bullish. This could lead to increased buying pressure and a potential short-term increase in the stock price. The targeted price range of $200-$490 also suggests that there is significant upside potential for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100