Moderately bullish activity in Eli Lilly (LLY), with shares up $2.25, or 0.31%, near $734.83. Options volume relatively light with 37k contracts traded and calls leading puts for a put/call ratio of 0.67, compared to a typical level near 0.73. Implied volatility (IV30) is higher by 1.1 points near 27.69,in the lowest 10% of observations over the past year, suggesting an expected daily move of $12.82. Put-call skew flattened, suggesting a modestly bullish tone.
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