Market Whales and Their Recent Bets on LLY Options
Portfolio Pulse from Benzinga Insights
Market whales have shown a bullish stance on Eli Lilly and Co (NYSE:LLY), with 55% of detected trades being bullish and 20% bearish. The trading activity focuses on a price range between $600.0 and $1160.0. Notable options activity includes both puts and calls with varying sentiments and strike prices. Eli Lilly, a drug firm specializing in several therapeutic areas, has seen its stock price increase by 1.41%, with a current price of $741.64. The next earnings report is expected in 7 days.
April 23, 2024 | 3:45 pm
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Eli Lilly has seen bullish options trading, with a significant focus on a price range between $600 and $1160. The stock has recently increased by 1.41%, indicating positive market sentiment ahead of its earnings report in 7 days.
The bullish stance by market whales, indicated by the majority of options trades being bullish and the stock's recent price increase, suggests a positive short-term outlook for Eli Lilly. The anticipation of the earnings report in the near term further heightens the relevance and potential impact on the stock's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100