Eli Lilly (LLY) Offering Possible 28.04% Return Over the Next 30 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 $190.00 short put and a strike $180.00 long put offers a potential 28.04% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $190.00 by expiration. The full premium credit of $2.19 would be kept by the premium seller. The risk of $7.81 would be incurred if the stock dropped below the $180.00 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 79.39 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eli Lilly

U.S. FDA Accepts Regulatory Submission for Sintilimab in Combination with Pemetrexed and Platinum Chemotherapy for the First-Line Treatment of People with Nonsquamous Non-Small Cell Lung Cancer
Tue, 18 May 2021 04:14:00 +0000
Innovent Biologics, Inc. (HKEX: 01801) and Eli Lilly and Company (NYSE: LLY) today jointly announced that the U.S. Food and Drug Administration (FDA) accepted for review a Biologics License Application (BLA) for sintilimab injection in combination with pemetrexed and platinum chemotherapy for the first-line treatment of people with nonsquamous non-small cell lung cancer (NSCLC). This is the first U.S. regulatory submission of sintilimab, a PD-1 inhibitor being developed and commercialized under a global collaboration agreement between Innovent and Lilly.

Top Insider Buys Highlight for the Week of May 14
Sun, 16 May 2021 20:42:32 +0000
Insiders load up on Corteva, Energy Transfer, Elanco Animal Health and CenterPoint Energy

Why AbCellera Stock Crumbled Despite In-Line Royalties For Covid Drug
Fri, 14 May 2021 20:07:00 +0000
AbCellera stock tumbled Friday, despite in-line royalties for its Lilly-partnered Covid drug. Here's why the stock toppled.

Novo Nordisk, Eli Lilly Obesity Drugs Could Be Game Changers
Thu, 13 May 2021 20:26:45 +0000
Medications in a new class of drug that seem to offer substantial advantages over current treatments

Lilly to Participate in UBS Global Healthcare Virtual Conference
Thu, 13 May 2021 14:00:00 +0000
Eli Lilly and Company (NYSE: LLY) will participate in the UBS Global Healthcare Virtual Conference on Wednesday, May 26, 2021. Anat Ashkenazi, senior vice president and chief financial officer, will participate in a virtual fireside chat at 10:00 a.m., Eastern Time.

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