If you haven`t bought LLY before the previous earnings:
Then analyzing the options chain and the chart patterns of LLY Eli Lilly prior to the earnings report this week, I would consider purchasing the 680usd strike price Calls with an expiration date of 2024-2-16, for a premium of approximately $15.35. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
LLY traded at $745.68 after earnings, and the calls went up from $15.35 (when I wrote this article) to $63.30 at the close today (a lot higher intraday), for about 4.10% gain! Congrats to those who bought the calls!
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