Eli Lilly Options Traders Put 61% of Premium Into Calls

Sixty-one percent of Eli Lilly's options premium went into calls in the latest scan on November 10, according to data from GTA Terminal, as the stock holds near its highs after a bull flag breakout.

The live options board showed $532,000 in total premium at the time of the scan: $339,000 in calls versus $193,000 in puts. That split works out to 64% of the tracked money on the bullish side. The put/call volume ratio sat at 1.49 — more put contracts traded, but more dollars went into calls.

LLY traded near $1,421.80 intraday, up roughly 0.7%, after Monday's bounce of 4.3% that carried the price from $1,354.00 to $1,411.95. The 52-week high of $1,453.00, set on November 5, sits overhead as resistance.

What do the technicals show?

GTA Terminal's data places the stock above every major daily moving average, all stacked in bullish order:

• 20-day simple moving average: $1,326.19
• 50-day SMA: $1,224.30
• 100-day SMA: $1,206.15
• 200-day SMA: $1,103.17

The 14-day RSI reads about 69, just under the 70 threshold that traditionally marks overbought conditions. Volume ran light at about 0.3 times its 20-day average — thin participation that GTA Terminal's own pattern engine flags with a confidence level of just 2 out of 5 on its bull flag call.

The pattern engine identifies a bull flag on the daily chart, with the breakout at $1,293.99 and the move now underway. A confidence score of 2 out of 5 is a weak endorsement, and readers should weigh it accordingly.

Are dark pools sending a signal?

Off-exchange share of trading over the last five sessions, per GTA Terminal:

• November 3: 31.6%
• November 4: 39.4%
• November 5: 41.2%
• November 6: 36.3%
• November 9: 27.7%

November 9 dark pool volume came in at 1,116,896 shares, roughly 1.0 times the 20-session norm. GTA Terminal's own read: no strong signal either way. Institutional flows, in short, look ordinary.

Which levels matter now?

GTA Terminal lays out four prices that define the setup:

• $1,453.00 — the 52-week high from November 5, acting as resistance
• $1,364.58 — the November 9 low, first support
• $1,326.19 — the 20-day SMA, trend support
• $1,293.99 — the bull flag break, and the invalidation point

The confirmation path is specific. A daily close above $1,453.00 with calls still leading the options flow would confirm the flag pattern. A close back below the 20-day SMA at $1,326.19 would weaken the setup. Below $1,293.99, the flag fails outright.

What is the takeaway?

The bullish case rests on three legs: call-skewed options money, a full stack of rising moving averages, and an intact flag pattern. Each leg carries a caveat. The options sample is small at $532,000 in premium — a single large trade could skew the split. The RSI at 69 sits one point from overbought. And the pattern engine itself rates the flag at 2 out of 5 in confidence.

Dark pools offer no corroboration, with off-exchange volume running exactly at its 20-session normal on November 9. The market is watching whether LLY can close above $1,453.00; until it does, the bull flag remains a low-conviction pattern held up by light volume.