Mohacsy's Safe Portfolio Member Forum

[dexprs]

Notable put buying in Eli Lilly as shares slump (TheFlyOnTheWall)
FLY ON THE WALL 2:30 PM ET 5/16/2017
Symbol Last Price Change
LLY 78.85up -1.45 (-1.81%)
QUOTES AS OF 02:41:19 PM ET 05/16/2017
Notable put buying in Eli Lilly(LLY) as shares slump. The stock off $1.50 to $78.80 after Goldman removed the name from a Conviction Buy List and Jun 77.5 puts trade across the exchanges Tuesday afternoon from 96c to $1.03 per contract. Biggest trade is 9K for $1.03 when bid-ask was 91c to $1.03. 13.5K trade total against 2.9K in open interest and the bearish flow opens positions struck 1.5% below spot.