Eli Lilly (LLY) Offering Possible 19.62% Return Over the Next 22 Calendar Days

Eli Lilly's most recent trend suggests a bearish bias. One trading opportunity on Eli Lilly is a Bear Call Spread using a strike $78.00 short call and a strike $83.00 long call offers a potential 19.62% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $78.00 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $4.18 would be incurred if the stock rose above the $83.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Eli Lilly is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Eli Lilly is bearish.

The RSI indicator is at 24.09 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Eli Lilly

[$$] Overheard: Cheering On a Rival
Thu, 27 Oct 2016 04:24:10 GMT
The Wall Street Journal – Companies don’t usually root for their competitors, but Biogen is pulling for Eli Lilly. The latter’s pending data for its experimental Alzheimer’s disease treatment will be an important read-through for …

Biogen Q3 Tops; Alzheimer's Data Vs. Eli Lilly Positive
Wed, 26 Oct 2016 20:10:08 GMT

Biogen: Heads Is a Win, Tails Is Complicated
Wed, 26 Oct 2016 15:55:54 GMT

Analyst Reports for Sprint, Eli Lilly, & United Technologies
Wed, 26 Oct 2016 15:43:03 GMT

Eli Lilly's Diabetes Misery Will Have Company
Wed, 26 Oct 2016 13:57:38 GMT

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