Decoding Eli Lilly's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options activity for Eli Lilly (NYSE:LLY) shows a bearish sentiment among big-money investors, with 53% of trades being bearish. The options trades include 23 puts and 20 calls, with a total trade value of $843,905 and $1,932,867, respectively. Analysts have mixed ratings on Eli Lilly, with price targets ranging from $885 to $1050.
August 29, 2024 | 3:16 pm
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Eli Lilly's recent options activity indicates a bearish sentiment among large investors, with 53% of trades being bearish. Analysts have mixed ratings, with price targets ranging from $885 to $1050.
The options activity shows a significant bearish sentiment, with more puts than calls. This suggests that investors expect a potential decline in Eli Lilly's stock price. The mixed analyst ratings add to the uncertainty, with price targets varying widely.
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