Eli Lilly and Co's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Eli Lilly and Co (NYSE:LLY) has seen a significant amount of options trading activity, with a mix of bullish and bearish sentiments among investors. The trading volume and open interest suggest a price target range between $300 and $1180. Notable trades include both puts and calls with varying sentiments and strike prices. Eli Lilly, a drug firm focusing on several key healthcare areas, has a current stock price of $747.87, slightly up by 0.15%, with an upcoming earnings report in 13 days.
April 17, 2024 | 6:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Eli Lilly's options trading activity indicates mixed investor sentiment, with a significant volume of trades suggesting a wide price target range. The stock's slight increase and the upcoming earnings report could influence short-term price movements.
The mixed sentiment in options trading, combined with the upcoming earnings report, creates uncertainty in the short-term price direction. The wide price target range indicates varied investor expectations, which could lead to increased volatility in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100