Eli Lilly (LLY) Offering Possible 21.07% Return Over the Next 29 Calendar Days

Eli Lilly's most recent trend suggests a bullish bias. One trading opportunity on Eli Lilly is a Bull Put Spread using a strike $113.00 short put and a strike $108.00 long put offers a potential 21.07% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $113.00 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock dropped below the $108.00 long put strike price.

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

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

The RSI indicator is at 61.59 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eli Lilly

Corcept Initiates Phase III Study for Cushing's Syndrome
Tue, 20 Nov 2018 21:24:09 +0000
Corcept (CORT) doses first patient in the phase III study of relacorilant for the treatment of Cushing's syndrome.

Analyzing Eli Lilly’s Stock Price and Financial Performance
Tue, 20 Nov 2018 18:10:46 +0000
On November 16, Eli Lilly’s (LLY) stock price closed at $113.83, which represents ~1.45% growth from its close of $112.20 on November 15. Eli Lilly’s stock price opened at $84.46 on January 2 and reached $113.83 on November 16, which representing ~35% year-to-date growth.

See what the IHS Markit Score report has to say about Eli Lilly and Co.
Tue, 20 Nov 2018 13:00:28 +0000
Eli Lilly and Co NYSE:LLY

Eli Lilly (LLY) Gains As Market Dips: What You Should Know
Mon, 19 Nov 2018 22:50:10 +0000
Eli Lilly (LLY) closed at $115.81 in the latest trading session, marking a +1.74% move from the prior day.

3 Steady Healthcare Stocks to Hold During a Downturn
Mon, 19 Nov 2018 20:23:54 +0000
My weekend scanning revealed one prominent theme: The healthcare sector is one of the strongest on the Street making many of its constituents the best stocks to buy for the week ahead. Volume patterns are supporting an optimistic view with numerous accumulation days forming after last month’s earnings report.

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