Market Whales and Their Recent Bets on LLY Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a predominantly bearish stance on Eli Lilly (NYSE:LLY) through recent options trades, with a sentiment split of 11% bullish and 88% bearish. A total of 9 significant options trades were identified, with a notable focus on strike prices ranging from $590 to $700. The current market status of LLY shows a slight increase in stock price to $646.97, with an upcoming earnings report in 5 days. Analyst opinions vary, with an average price target of $670, but with differing views from Barclays, Cantor Fitzgerald, and Wells Fargo.
February 01, 2024 | 2:47 pm
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Eli Lilly has seen significant options trading activity, indicating a bearish sentiment among market whales. The stock price has slightly increased, and with an earnings report due soon, the mixed analyst ratings and the recent options activity could influence short-term price movements.
The bearish sentiment from significant options trades, combined with the upcoming earnings report and mixed analyst ratings, suggests potential short-term downward pressure on LLY's stock price. However, the actual impact will depend on the earnings results and market interpretation of the options activity.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100