Eli Lilly Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Eli Lilly (NYSE:LLY) has seen unusual options activity, with a significant number of investors taking a bullish stance. Of the 25 strange trades detected, 52% were bullish and 48% were bearish. The total amount for puts was $317,090 and for calls was $584,314. Whales have been targeting a price range from $290.0 to $800.0 for Eli Lilly over the last 3 months. The current price of LLY is up 0.5% at $611.35. Morgan Stanley, Cantor Fitzgerald, and Wells Fargo have maintained their Overweight rating on Eli Lilly with price targets of $673, $630, and $650 respectively.
October 18, 2023 | 2:46 pm
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Eli Lilly has seen unusual options activity with a bullish bias. The company's stock price is up 0.5% at $611.35. Analysts have maintained their Overweight rating with varying price targets.
The unusual options activity, majority of which is bullish, indicates a positive sentiment among investors. This, coupled with the Overweight ratings from analysts, suggests a potential upward movement in the short term for Eli Lilly's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100