Red-Hot Eli Lilly Stock Has Room to Run

LLY's Schaeffer's Volatility Scorecard rating is 97

Senior Vice President of Research
Jul 21, 2022 at 12:00 PM
facebook twitter linkedin


Schaeffer's Investment Research was built from scratch on Bernie Schaeffer’s vision of providing accessible professional-grade trading information to retail traders. This remains our mission today, 41 years later. To access the entirety of the Schaeffer's 41st Anniversary Stock Picks report, click here.

Drug stock Eli Lilly and Co (NYSE:LLY) scored a July 6 all-time high of $332.74. However, LLY could still have room to run, with support in place at the $320 area, the +10% year-to-date level, and its 80-day moving average. Eli Lilly shares have also taken out potential short-term trendlines of resistance stemming from a late-May high.

Eli Lilly stock, LLY stock, stock picks

Plus, now looks like a great time to consider options, as LLY’s Schaeffer's Volatility Scorecard (SVS) sits at 97 out of 100, implying Eli Lilly stock tended to beat options traders' volatility expectations in the past. 

Todd is the Senior Vice President of Research at Schaeffer's Investment Research and has been with the research firm since 1993. Mr. Salamone is a graduate of The Ohio State University with a double major in finance and insurance and risk management. He has over 25 years of options trading experience, emphasizing technical and sentiment analysis in his equity, broad market and sector research. Mr. Salamone is the author of Schaeffer's Monday Morning Outlook, and he has been interviewed on CNBC, Bloomberg Television, Fox Business Network and quoted in several national media outlets such as The Wall Street Journal, Reuters, the Associated Press and others. Todd has trained tens of thousands of traders to be successful options traders.

 

 

 

These investors are using the market's volatility to their advantage and scoring triple-digit gains on many of their trades.

Even in today's sideways bear market, this trading strategy has continued to provide consistency and profitability to a small group of investors. By using this approach, these traders are removing directional risk and still hitting triple-digit returns. If you want access to this strategy, and lower risk with higher returns sounds good to you, then don't wait another minute.

Join us now to receive our next trades the moment they come out!

 

Common mistakes options traders make
 


 


 
Special Offers from Schaeffer's Trading Partners