Looking At Eli Lilly's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Eli Lilly (NYSE:LLY) as evidenced by unusual options activity. The activity includes 15 uncommon options trades, with 53% bullish and 46% bearish sentiment. The whales have been targeting a price range from $500.0 to $570.0 for Eli Lilly over the last 3 months. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $630.
October 06, 2023 | 2:30 pm
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Unusual options activity indicates a bullish stance on Eli Lilly. Whales have been targeting a price range from $500.0 to $570.0 over the last 3 months. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $630.
The unusual options activity, with a majority being bullish, indicates that there is a positive sentiment towards Eli Lilly. This could potentially drive the stock price up in the short term. The downgrade by Cantor Fitzgerald to Overweight with a higher price target also suggests a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100