Eli Lilly and Co's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Eli Lilly and Co (NYSE:LLY), as observed through 19 uncommon options trades. The sentiment is split with 21% bullish and 31% bearish. The trading activity suggests a price range of $340.0 to $1040.0 for LLY over the next three months. Analysts have mixed ratings, with an average price target of $908.0.
July 15, 2024 | 1:47 pm
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Investors with significant capital have taken a bearish stance on Eli Lilly and Co (NYSE:LLY), as observed through 19 uncommon options trades. The sentiment is split with 21% bullish and 31% bearish. The trading activity suggests a price range of $340.0 to $1040.0 for LLY over the next three months. Analysts have mixed ratings, with an average price target of $908.0.
The significant bearish sentiment from big-money investors, as indicated by the options trades, suggests a potential short-term decline in LLY's stock price. The mixed analyst ratings and the current overbought RSI readings further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100