Moderately bullish activity in Eli Lilly (LLY), with shares up $18.20, or 1.8%, near $1027.58. Options volume roughly in line with average with 52k contracts traded and calls leading puts for a put/call ratio of 0.36, compared to a typical level near 0.69. Implied volatility (IV30) is higher by 0.9 points near 30.78,and below the 52wk median, suggesting an expected daily move of $19.92. Put-call skew steepened, indicating increased demand for downside protection.
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