Eli Lilly Unusual Options Activity For June 30
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Eli Lilly (NYSE:LLY), with a bearish stance being taken by a whale investor. Of the 33 strange trades detected, 48% were bullish and 51% were bearish. The total amount for puts was $368,733 and for calls was $1,718,393. Whales have been targeting a price range from $310.0 to $520.0 for Eli Lilly over the last 3 months. Cantor Fitzgerald maintained their Overweight rating on Eli Lilly with a price target of $550.
June 30, 2023 | 7:02 pm
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Unusual options activity has been detected for Eli Lilly, with a bearish stance being taken by a whale investor. Whales have been targeting a price range from $310.0 to $520.0 for Eli Lilly over the last 3 months.
The bearish stance taken by a whale investor indicates a potential decrease in the stock price of Eli Lilly. The targeted price range by whales also suggests that they expect the stock price to fluctuate within this range. This could lead to increased volatility and potential downside risk for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100