TopgOptions

LLY Eli Lilly Options Ahead of Earnings

Long
TopgOptions Updated   
NYSE:LLY   Eli Lilly and Company
Analyzing the options chain and the chart patterns of LLY Eli Lilly prior to the earnings report this week,
I would consider purchasing the 450usd strike price Calls with
an expiration date of 2023-8-11,
for a premium of approximately $11.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.




Trade closed: target reached:
LLY traded at $538.00 after earnings, and the calls went up from $11.70 (when I wrote this article) to $72.65 intraday, for a fantastic 6.20X Profit! Impressive!
Congrats to those who bought the calls!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.