Unpacking the Latest Options Trading Trends in Eli Lilly and Co
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish trend in options trading for Eli Lilly and Co (NYSE:LLY), with 73% of trades showing bearish tendencies. The price target for LLY is set between $430.0 and $900.0. The largest options trades indicate a focus on strike prices ranging from $700 to $785. Eli Lilly, a drug firm, has seen its stock price slightly increase by 0.2% to $765.5. Analyst ratings in the last month have an average target price of $852.5, with ratings from JP Morgan, Citigroup, Truist Securities, and Cantor Fitzgerald.
April 03, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Eli Lilly shows a bearish options trend with a current slight increase in stock price to $765.5. Analysts have set an average target price of $852.5.
The bearish options trend suggests market skepticism, but the slight stock price increase and analyst target prices indicate underlying confidence in the company's fundamentals. The mixed signals from options trading and analyst ratings create a neutral short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100