Get started
ShortSeller76

LLY at resistance and overbought historically

Short
Eli Lilly and Company (NYSE:LLY)  
ShortSeller76 Updated   
NYSE:LLY   Eli Lilly and Company
Technical Indicators Chart Patterns LLY
2
0
indicator chartpattern lly
Way overbought on all technicals, looking for a pullback to $270 range in the next week or so. Will add every $2 increase in stock price up. Will cover at or under target.
Comment:
Large fund just dumped on yesterdays pump. Endowment Inc Lilly, a major owner of Eli Lilly and Company, recently disposed of 220,000 shares of the company.
Trade closed manually:
Had added puts twice. Closed position for 18% profit. Took longer than anticipated so options decayed cutting into profits.
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.