Eli Lilly Looking For Rebound After Two Days Of Selling Off In Price.
Here are how things are set up for the opening. Now it's one and five day charts. .. So the stock is down like $75.00 from it's peak opening two days ago. It's Wednesday and these option now have three days of life left in them. $14.97 is the price this one series of Calls closed at. This kind of a chart formation looks kind of ugly. A flat opening. There is not much happening in the first twenty minutes of trading yet the D.J.I.A is up.. It's a Wednesday and for one week option traders these are often turn around days. It didn't happen. Eli Lilly danced around and then sold off on the close on Wednesday. Here is the pricing of the 1,025 Calls going into Thursday morning. They cost $9.00 and are $10.00 "out-of-the-money" with only two trading days to go. Does reading all this curb your appetite for wanting to play situations like this? If nothing else, it gives you an appreciation for how dangerous this game can be. Let's see what happens next.