Eli Lilly (LLY) Offering Possible 25.63% Return Over the Next 7 Calendar Days

Eli Lilly’s most recent trend suggests a bullish bias. One trading opportunity on Eli Lilly is a Bull Put Spread using a strike $116.00 short put and a strike $111.00 long put offers a potential 25.63% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $116.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $3.98 would be incurred if the stock dropped below the $111.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Eli Lilly is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Eli Lilly is bullish.

The RSI indicator is at 71.53 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eli Lilly

[$$] Big Pharma’s Cancer Race
Thu, 10 Jan 2019 00:32:34 +0000
Eli Lilly’s bid for Loxo Oncology, which follows a flurry of biotech deals, shows how the pharmaceutical landscape is fast-evolving as U.S. drug companies compete to become leaders in oncology. Indianapolis-based Eli Lilly on Monday announced plans to purchase the Stamford, Conn., start-up Loxo for $8 billion with the goal of expanding its oncology portfolio. Loxo has pioneered an experimental therapy targeting single-gene abnormalities that can cause tumors throughout the body.

CNBC’S CHRISTINA FARR & ANGELICA LAVITO: JP MORGAN’S DIMON HOSTED A DINNER FOR PHARMA EXECUTIVES, AND A MAJOR TOPIC WAS AMAZON
Wed, 09 Jan 2019 19:32:00 +0000
Jamie Dimon held a private dinner with executives from pharmaceutical companies including Eli Lilly, Pfizer and Johnson & Johnson. The attendees pressed him for information on Amazon’s goals. J.P. Morgan Chase CEO Jamie Dimon hosted a private dinner for pharmaceutical executives on Sunday night, ahead of the bank’s health-care conference in San Francisco.

MERGER ALERT – BDMS, LOXO and MB: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies
Wed, 09 Jan 2019 16:56:39 +0000
NEW YORK, Jan. 09, 2019 — The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.

The Zacks Analyst Blog Highlights: Bristol-Myers, Celgene, Lilly and Glaxo
Wed, 09 Jan 2019 13:51:01 +0000
The Zacks Analyst Blog Highlights: Bristol-Myers, Celgene, Lilly and Glaxo

Novartis’ Crizanlizumab Gets Breakthrough Therapy Status
Wed, 09 Jan 2019 13:31:01 +0000
Novartis’s (NVS) crizanlizumab gets Breakthrough Therapy designation by the FDA for the prevention of VOCs in patients of all genotypes with SCD.

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