Eli Lilly Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Eli Lilly (NYSE:LLY) has seen significant options activity indicating mixed sentiment among big-money investors, with a bearish tilt. Benzinga's options scanner revealed 13 unusual trades, with a split of 38% bullish and 61% bearish sentiment. Notable trades include puts and calls with strike prices ranging from $610 to $900. Analysts have set varied price targets for LLY, with an average of $772. The stock is currently down by -1.57% at $743.82, potentially overbought, with earnings anticipated in 64 days.
February 21, 2024 | 3:01 pm
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Eli Lilly has experienced unusual options activity with a bearish sentiment predominating among big-money investors. Analysts have varied price targets, with the stock currently showing a slight decline and potentially overbought.
The bearish sentiment in options activity, combined with the stock's current slight decline and potential overbought status, suggests a short-term negative impact. However, the mixed analyst ratings and the upcoming earnings release add some uncertainty, moderating the confidence level.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100