Shares of Eli Lilly and Co. (LLY) were up .58 today to 58.18.? LLY is approaching a 52-week high.
Today paper bought 5,000 LLY May 55 puts for 0.31.? Average volume is 9,200 contracts per day.? Open interest is 3,991 contracts.
The trade went up as a straight buy on the PHLX.? Even with the trade going up on the offer the IV is down 4.1 points in May.? This could be hedging into the earnings.
30-day implied volatility is 17%.? ?10-day implied volatility is 21%.? 30-dday implied volatility is trading below the 10-day historical volatility.
Eli Lilly and Company discovers, develops, manufactures, and sells products, in one business segment, pharmaceutical products.