This Is What Whales Are Betting On Eli Lilly
Portfolio Pulse from Benzinga Insights
A large bearish position on Eli Lilly (NYSE:LLY) has been spotted on Benzinga's options scanner, with 70% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $160 to $520 for Eli Lilly over the last 3 months.
June 05, 2023 | 6:16 pm
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A large bearish position on Eli Lilly has been identified, with 70% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $160 to $520 for the stock over the last 3 months.
The large bearish position on Eli Lilly indicates that big-money traders believe the stock price may decline in the short term. With 70% of these traders showing bearish sentiment, it is likely that this news will have a negative impact on the stock price. Additionally, the targeted price range of $160 to $520 suggests that there is significant uncertainty surrounding the stock's future performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100