Eli Lilly Whale Trades For August 11

Eli Lilly Whale Trades For August 11

 

Someone with a lot of money to spend has taken a bearish stance on Eli Lilly LLY.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with LLY, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 10 uncommon options trades for Eli Lilly.

This isn't normal.

The overall sentiment of these big-money traders is split between 10% bullish and 90%, bearish.

Out of all of the special options we uncovered, 5 are puts, for a total amount of $257,115, and 5 are calls, for a total amount of $589,579.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $165.0 to $330.0 for Eli Lilly over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Eli Lilly options trades today is 201.71 with a total volume of 323.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Eli Lilly's big money trades within a strike price range of $165.0 to $330.0 over the last 30 days.

Eli Lilly Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
LLY CALL TRADE BEARISH 01/19/24 $165.00 $289.1K 31 20
LLY CALL TRADE BULLISH 10/21/22 $200.00 $186.6K 31 18
LLY PUT TRADE BEARISH 09/16/22 $330.00 $73.8K 193 51
LLY PUT SWEEP BEARISH 09/16/22 $320.00 $68.8K 1.0K 35
LLY CALL TRADE NEUTRAL 06/16/23 $290.00 $59.4K 8 13

Where Is Eli Lilly Standing Right Now?

  • With a volume of 1,055,442, the price of LLY is down -0.71% at $302.44.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 75 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Eli Lilly, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets