Hello Investors,
Today we have a new trade idea in Eli Lilly (LLY). The stock is at the bollinger band criteria on the weekly chart. We are trading an upside butterfly as follows:
Buy to open: LLY July 17th (monthly) 950.00 strike call (ratio of 1)
Sell to open: LLY July 17th (monthly) 1000.00 strike call (ratio of 2)
Buy to open: LLY July 17th (monthly) 1050.00 strike call (ratio of 1)
Debit: 4.50
Max risk = 4.50 or $450.00 per spread
Max reward = 45.50 or $4,550 per spread