Behind the Scenes of Eli Lilly and Co's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Eli Lilly and Co (NYSE:LLY) has seen a bearish trend in options trading, with 69% of investors holding bearish expectations. The trading activity suggests a price target range of $390 to $1080. Significant trades include both bullish and bearish sentiments, with notable trades aiming for strike prices between $600 and $770. The company's stock price is currently down by -1.33% at $752, with neutral RSI indicators. Analysts have set an average target price of $880, with ratings ranging from Overweight to Hold.
March 11, 2024 | 7:01 pm
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Eli Lilly has seen a bearish sentiment in options trading, with a significant price target range. The stock is currently down, and analysts have varied ratings with an average target price of $880.
The bearish sentiment in options trading, combined with the current stock price decrease and the wide range of analyst target prices, suggests a potential short-term negative impact on Eli Lilly's stock price. The significant attention from both traders and analysts indicates high relevance and importance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100