Eli Lilly (LLY) Offering Possible 17.37% Return Over the Next 9 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 $116.00 short call and a strike $121.00 long call offers a potential 17.37% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $116.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock rose above the $121.00 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 50.7 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

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Eli Lilly and Company (LLY): Are Hedge Funds Right About This Stock?
Sun, 09 Dec 2018 14:43:35 +0000
With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was Eli Lilly and Company (NYSE:LLY). Eli Lilly and Company (NYSE:LLY) […]

Mallinckrodt (MNK) to Separate Generics & Branded Businesses
Fri, 07 Dec 2018 20:14:08 +0000
Mallinckrodt (MNK) announces plans to split its generic and branded businesses into two different companies.

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