Eli Lilly (LLY) Offering Possible 16.55% Return Over the Next 22 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 $65.50 short put and a strike $60.50 long put offers a potential 16.55% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.50 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $60.50 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 65.02 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eli Lilly

10-Q for Eli Lilly & Co.
Sat, 01 Nov 2014 00:08:27 GMT

Eli Lilly/Boehringer Ingelheim Restructure Diabetes Deal
Thu, 30 Oct 2014 21:05:19 GMT

Pharma, Physicians And ‘Open Payments': Moving From Data To Understanding
Thu, 30 Oct 2014 13:31:00 GMT

Lilly Shares Insights from Decade-Long Technology Transfer Experience
Thu, 30 Oct 2014 07:26:17 GMT
noodls – New white paper documents Lilly's philanthropic effort to expand access to multidrug-resistant tuberculosis medicines Oct 30, 2014 1:00am INDIANAPOLIS , Oct. 30, 2014 /PRNewswire/ — Today Eli Lilly and …

Lilly Shares Insights from Decade-Long Technology Transfer Experience
Thu, 30 Oct 2014 05:00:00 GMT
PR Newswire – INDIANAPOLIS, Oct. 30, 2014 /PRNewswire/ — Today Eli Lilly and Company (LLY) published details of its long-standing technology transfer program to increase the global supply of medicines for multidrug-resistant tuberculosis (MDR-TB). Begun in 2003, the effort included Lilly donating manufacturing technology and know-how for two antibiotics to pharmaceutical manufacturers in China, India, Russia and South Africa – all MDR-TB ‘hot spots.' It also served as the foundation for the Lilly MDR-TB Partnership, the company's largest-ever philanthropic effort. The technology transfer was Lilly's response to a dramatic global rise in MDR-TB cases in the late 1990s and early 2000s. After close consultation with global TB experts, Lilly embarked on a novel approach: transferring its manufacturing technology and know-how for capreomycin and cycloserine to seven manufacturers.

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