Eli Lilly Set To Report Earnings: $7.5B In Revenue Expected, Options Market Implies 4.5% Move

Eli Lilly and Company (NYSE: LLY) is scheduled to release quarterly earnings results before the opening bell on Aug. 8, 2023.

On CNBC’s "Options Action,"  Mike Khouw of Optimize Advisors said Eli Lilly was one of the busier names in the health care sector and traded well over 2x its average daily options volume on Monday.

Options markets are implying a move of around +/-4.5% following the release of quarterly earnings.

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There was a buyer of 2,300 of the September 450-puts at an average price of $16.20 per contract, Khouw mentioned.

Traders expect Eli Lilly’s stock moving lower through the September expiration.

Analysts expect Eli Lilly and Company to report quarterly earnings at $1.99 per share on revenue of $7.58 billion.

Price Action: Eli Lilly shares gained 1% to close at $454.08 on Monday.

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