Eli Lilly Unusual Options Activity For May 23
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Eli Lilly (NYSE:LLY), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 22 uncommon options trades, with 45% bullish and 54% bearish sentiment. The targeted price range for Eli Lilly over the last 3 months is $350 to $460.
May 23, 2023 | 5:31 pm
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A large investor has taken a bearish stance on Eli Lilly (NYSE:LLY) with unusual options activity. The targeted price range for Eli Lilly over the last 3 months is $350 to $460.
The unusual options activity, with a majority bearish sentiment, indicates that a large investor is expecting a potential decline in Eli Lilly's stock price. This could have a short-term negative impact on the stock as other investors may follow suit or react to the news.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100