Decoding Eli Lilly's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish interest in Eli Lilly (NYSE:LLY) through options trading, with significant trades indicating a price target range of $550 to $900. Despite a recent price drop of 3.68% to $774.84, analysts maintain high target prices, with the next earnings report due in 3 days.
August 05, 2024 | 2:16 pm
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Eli Lilly has seen significant options trading activity, with a mix of bullish and bearish trades. Analysts maintain high target prices despite a recent price drop. The next earnings report is due in 3 days.
The significant options trading activity, combined with high analyst target prices and an upcoming earnings report, suggests a potential positive short-term impact on Eli Lilly's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100