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Dan Nathan Sees Unusual Options Activity In Eli Lilly

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Dan Nathan spoke on CNBC's "Options Action" about unusually high options activity in Eli Lilly And Co (NYSE: LLY).

He said the call volume in the name was two times that of puts and he noticed one trade that stood out from the others. When the stock was trading at $98.65, there was a purchase of 10,000 contracts of the September 100 calls for $1.79. The trade breaks even at $101.79 or 3.02 percent above the stock's closing price on Tuesday.

 

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Posted-In: CNBC Dan Nathan Options ActionOptions Markets Media

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