Eli Lilly (LLY) Offering Possible 51.52% Return Over the Next 27 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 $235.00 short put and a strike $230.00 long put offers a potential 51.52% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $235.00 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $230.00 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 66.14 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

Lilly Confirms Date and Conference Call for Second-Quarter 2021 Financial Results Announcement
Thu, 22 Jul 2021 14:00:00 +0000
Eli Lilly and Company (NYSE: LLY) will announce its second-quarter 2021 financial results on Tuesday, August 3, 2021. Lilly will also conduct a conference call on that day with the investment community and media to further detail the company's financial performance.

3 Surprising Stocks That Have Crushed the Market so Far This Year
Thu, 22 Jul 2021 09:55:00 +0000
Shares of HCA Healthcare (NYSE: HCA) have skyrocketed more than 50% so far in 2021. HCA CEO Sam Hazen said in the company's recent second-quarter earnings call that HCA “experienced a strong rebound in demand for our services,” thanks to a lower impact from the pandemic. Hazen noted that COVID-19 admissions in Q2 were only 3% of HCA's total admissions, compared to 10% in Q1.

JNJ Option Traders Ready for Positive Earnings
Tue, 20 Jul 2021 18:53:12 +0000
A noticeable collection of put options remain in the open interest for JNJ and appear to be initiated as sell orders.

The Zacks Analyst Blog Highlights: Exxon Mobil, Eli Lilly, Costco, Aon and EOG Resources
Tue, 20 Jul 2021 12:38:12 +0000
The Zacks Analyst Blog Highlights: Exxon Mobil, Eli Lilly, Costco, Aon and EOG Resources

Top Stock Reports for Exxon Mobil, Eli Lilly & Costco
Mon, 19 Jul 2021 17:45:05 +0000
Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil (XOM), Eli Lilly (LLY), and Costco Wholesale (COST).

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