Eli Lilly: Analyzing the Latest Trends in Options Trading
Understanding Eli Lilly's Recent Options Market Dynamics
In an interesting turn of events, Eli Lilly has captured the attention of financial analysts and traders alike. Recent analysis of the options history for Eli Lilly (LLY) indicates that 43 unusual trades have emerged, pointing to a notable shift in market sentiment.
Diving deeper into these trades, we found that 44% of traders exhibited a bullish attitude towards Eli Lilly, while 32% leaned bearish. Among the trades identified, 6 were puts valued at $336,908 and a substantial 37 were calls worth a remarkable $4,614,623.
What Are Expert Price Targets?
The latest trading activities suggest that prominent investors are eyeing a price range between $450.0 and $1040.0 for Eli Lilly in the upcoming months. This range highlights the diverse opinions regarding the stock's future direction.
Analyzing Volume and Open Interest
Currently, the average open interest for Eli Lilly options stands at 350.29, with a total trading volume of 1,947.00. The accompanying analysis charts showcase the trends in both call and put options, as well as the open interest, all situated within the strike price corridor of $450.0 to $1040.0 for the past 30 days, illustrating the evolving landscape of options trading.
Last Month's Options Activity Breakdown
In the last month, significant data has emerged from Eli Lilly's options activity.
Notable Options Trades Recently Identified:
Let’s take a look at some of the most significant options trades detected recently:
- Symbol: LLY, Type: CALL, Trade Type: SWEEP, Sentiment: BULLISH, Exp. Date: 01/17/25, Strike Price: $500.00, Total Price: $2.8M, Volume: 140
- Symbol: LLY, Type: CALL, Trade Type: TRADE, Sentiment: BEARISH, Exp. Date: 02/21/25, Strike Price: $900.00, Total Price: $163.7K, Volume: 21
- Symbol: LLY, Type: CALL, Trade Type: TRADE, Sentiment: BULLISH, Exp. Date: 12/20/24, Strike Price: $1020.00, Total Price: $122.7K, Volume: 312
- Symbol: LLY, Type: PUT, Trade Type: SWEEP, Sentiment: BULLISH, Exp. Date: 11/08/24, Strike Price: $900.00, Total Price: $102.1K, Volume: 33
- Symbol: LLY, Type: CALL, Trade Type: SWEEP, Sentiment: BEARISH, Exp. Date: 11/01/24, Strike Price: $700.00, Total Price: $82.2K, Volume: 4
A Closer Look at Eli Lilly
Eli Lilly stands out as a prominent player in the biotechnology sector, focusing on areas such as neuroscience, cardiometabolic conditions, oncology, and immunology. Key products from Eli Lilly include Verzenio for cancer treatment; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for managing cardiovascular health; and Taltz and Olumiant for treating autoimmune diseases.
Given the recent trading activity surrounding Eli Lilly, it's vital to assess its current standing in the market.
Current Insights on Eli Lilly's Position
- Currently trading at $906.86 with a volume of 454,406, LLY has seen an increase of 1.26%.
- Relative Strength Indicator (RSI) suggests that the stock may be nearing overbought territory.
- Upcoming earnings reports are anticipated within a day.
Expert Insights on Eli Lilly
Recently, four industry analysts evaluated Eli Lilly and proposed an average price target of $1102.0, reflecting confidence in the company’s market position.
Tracking Unusual Options Activity: A Guide for Investors
Investors today must remain vigilant, especially with unusual options activity signaling potential market movements. By being alert to significant trades, savvy traders can stay one step ahead of market trends.
For those wishing to delve deeper into real-time alerts regarding Eli Lilly's options trades, it’s beneficial to follow relevant updates to adapt trading strategies that align with market changes.
Frequently Asked Questions
What type of options trades has Eli Lilly seen recently?
Recently, Eli Lilly has experienced unusual bullish and bearish options trades indicating varied market sentiment.
What price range are investors targeting for Eli Lilly?
Investors are targeting a price range between $450.0 and $1040.0 for Eli Lilly based on recent trading activity.
How is Eli Lilly performing in the market currently?
Eli Lilly has seen a stock price increase of 1.26%, currently trading at $906.86 with strong trading volume.
What products does Eli Lilly offer?
Eli Lilly offers a variety of products focusing on cancer, cardiometabolic health, and immunology, including Verzenio, Mounjaro, and Trulicity.
How many analysts are covering Eli Lilly?
Currently, four industry analysts are covering Eli Lilly, providing an average target price of $1102.0.
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