Eli Lilly's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Eli Lilly (NYSE:LLY) has seen significant options trading activity, with a bearish sentiment from big-money investors. The options trades include 5 puts and 23 calls, with a total trade value of over $1.3 million. Analysts have mixed ratings, with price targets ranging from $885 to $1100. The stock is currently trading at $888.05, up 0.24%.
October 01, 2024 | 3:01 pm
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Eli Lilly has experienced unusual options trading activity, with a bearish sentiment from large investors. Analysts have mixed ratings, with price targets ranging from $885 to $1100. The stock is currently trading at $888.05.
The significant bearish options activity suggests that large investors expect a potential decline in Eli Lilly's stock price. The mixed analyst ratings, with some lowering their price targets, further support a cautious outlook. The current trading price is close to the lower end of the analyst target range, indicating potential downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100