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AwesomeAvani
Aug 5, 2023 3:20 AM

LLY Earnings Play LONG ( Flat Bottom Triangle Breakout) Long

Eli Lilly and CompanyNYSE

Description

My analysis is on the 2H. I am uniquely qualified in my fundamental analysis. This is a one

day until earnings. My thesis is the earnings will stimulate what will be a breakout from

a flat bottom triangle. I will buy one share of stock. I will spend a similar amount on

call options striking $460 expiring August 11th. I see LLY as surging while PFE is a bit

challenged with the fall off in Covid vaccine work. If you find this idea interesting and

might appreciate my ideas as to a stop loss and targets, leave a comment. Like and

subscribe. Trade well !

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Trade is up 25% since entry last Friday while the options contracts are up 400%.
Looking for more but taking off half the position.

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