Whales with a lot of money to spend have taken a noticeably bullish stance on Eli Lilly and Co.
Looking at options history for Eli Lilly and Co LLY we detected 54 trades.
If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 20% with bearish.
From the overall spotted trades, 12 are puts, for a total amount of $973,173 and 42, calls, for a total amount of $1,952,923.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $600.0 and $1160.0 for Eli Lilly and Co, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Eli Lilly and Co's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Eli Lilly and Co's substantial trades, within a strike price spectrum from $600.0 to $1160.0 over the preceding 30 days.
Eli Lilly and Co 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LLY | PUT | TRADE | BULLISH | 10/18/24 | $56.05 | $54.65 | $54.65 | $740.00 | $409.8K | 15 | 0 |
| LLY | CALL | SWEEP | BULLISH | 05/10/24 | $23.35 | $22.35 | $22.95 | $750.00 | $114.7K | 76 | 127 |
| LLY | CALL | TRADE | BULLISH | 12/18/26 | $183.95 | $176.0 | $181.0 | $750.00 | $90.5K | 20 | 6 |
| LLY | CALL | SWEEP | BULLISH | 05/17/24 | $29.8 | $29.2 | $29.8 | $740.00 | $80.4K | 1.1K | 40 |
| LLY | CALL | TRADE | BEARISH | 01/17/25 | $36.0 | $35.5 | $35.5 | $900.00 | $71.0K | 1.6K | 45 |
About Eli Lilly and Co
Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for diabetes; and Taltz and Olumiant for immunology.
Following our analysis of the options activities associated with Eli Lilly and Co, we pivot to a closer look at the company's own performance.
Where Is Eli Lilly and Co Standing Right Now?
- With a trading volume of 551,794, the price of LLY is up by 1.41%, reaching $741.64.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 7 days from now.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Eli Lilly and Co options trades with real-time alerts from Benzinga Pro.
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