Eli Lilly Unusual Options Activity For November 23

Eli Lilly Unusual Options Activity For November 23

Someone with a lot of money to spend has taken a bearish stance on Eli Lilly (NYSE:LLY).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with LLY, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 13 uncommon options trades for Eli Lilly.

This isn't normal.

The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $734,042, and 6 are calls, for a total amount of $886,645.

What's The Price Target?

Taking into account the Volume and …

Full story available on Benzinga.com