Unknown Trader Stakes $1 Million on LLY – And Here’s Why

Today we saw a trader buy over 9,800 LLY July 87.5 Calls calls for $.97. This gives the trader the right but not obligation to buy almost 1,00,000 shares of LLY between now and July expiration and for this right they paid $97 per 1 lot or over $975,000 total. This is a big Insider Buyer in LLY Calls. I am long these Calls and I think the stock moves higher

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