Eli Lilly (LLY) Offering Possible 6.38% Return Over the Next 37 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 $75.00 short put and a strike $70.00 long put offers a potential 6.38% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $70.00 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 above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for Eli Lilly

Rova-T and Immuno-Oncology Therapies May Be Complementary
Tue, 12 Jul 2016 14:07:08 GMT

Lilly and Howard University partner on summer Medical Scientific Fellowship
Tue, 12 Jul 2016 13:53:01 GMT
noodls – INDIANAPOLIS, July 12, 2016 /PRNewswire/ — Lilly USA, LLC will partner with Howard University this summer on an inaugural Minority Fellowship program for post-graduate minority professionals embarking …

Lilly and Howard University partner on summer Medical Scientific Fellowship
Tue, 12 Jul 2016 13:00:00 GMT
PR Newswire – INDIANAPOLIS, July 12, 2016 /PRNewswire/ — Lilly USA, LLC will partner with Howard University this summer on an inaugural Minority Fellowship program for post-graduate minority professionals embarking on careers in science or medicine. The fellowship aims to increase collaboration and address the lack of minorities in the pharmaceutical industry by providing training to future healthcare professionals. The program—a component of the larger Medical Scientific Fellowship—is open to physicians, doctorate, and scientific-degreed post-graduates interested in the drug development process.

[$$] Protagonist Therapeutics Discloses IPO Plans
Mon, 11 Jul 2016 22:09:47 GMT

Sentiment Turns On A Dime
Sun, 10 Jul 2016 20:07:14 GMT

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