Option Trader Alert – LLY Puts

Option trader alert – LLY Puts.

There was an option trader alert shown yesterday. Eli Lilly put volume was for the most part bearish. LLY stock price is $74.76. The most active strike price were the weekly $75.5 puts. Those options end on March 29th.

Eli Lilly is a pharmaceutical company. Headquartered in Indianapolis, Indiana, LLY was $87.60 on January 29th. It has been a rough couple of months for this company.

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An option trader must view the daily grind. It is the constant momentum of a stock that can make a trader earn a good living. LLY stock price is close to the $74.21 yearly low. This must have been a big reason for the bearish view. The option traders are being safe by not buying the $73.00 puts.

While this page is not solely an options trading blog, it is important for investors to learn different ways of earning an income. Learning about various news brings more insight for a quick trade or a long term investment.

Goldman Sachs has a “neutral” rating on the stock, downgrading Eli Lilly from a “buy” rating. LLY announced their earnings on January 31st. The company reported $1.14 earnings per share beating Thomson Reuters’ consensus estimate of $1.08. Their revenue of $6.16 billion beat analysts’ expectations of $5.93 billion.

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