Rochester, NY 7/14/2009 10:15:54 PM
News / Finance

LLY - Eli Lilly Stocks increase its popularity on Options Traders

Eli Lilly & Co., LLY

Eli Lilly & Co., LLY

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Stock and options trading took a bullish turn in Eli Lilly (LLY Quote) late Friday after the Food & Drug Administration approved the company's Effient blood thinner. OptionMonster's tracking systems showed new money pouring mainly into the July 32.50 calls and July 35 calls. The July 32.50 calls traded 8,860 times for 80 cents to $1.70 against open interest of 2,910. The July 35 calls were purchased for 5 cents to 25 cents, although volume in the strike was less than half existing open interest.

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