$LLY 20270115 1140.0 CALL$ Traded the technicals on Eli Lilly ($LLY) after tracking its massive intraday swings over the last few weeks. We’ve seen single-session expansions as high as 5.17% (a massive ~$60 range), which opens up incredible short-term windows if you time the entries right.
The Strategy:
* The Entry: Waited patiently for the share price to dip down toward the support side of its current ascending channel.
* The Exit: Locked in profits cleanly as soon as the price bounced and hit key overhead resistance EMAs.
In and out in just 2 days. When a high-beta large-cap moves this fast, sticking strictly to the daily levels makes for a highly tactical—and exciting—trade.
On to the next setup! 
Trade Feed: Who is your favorite trader?
Come to the Trade Feed Topic to find more trading opportunities! Also, please feel free to recommend and introduce fellow Tigers to the "hidden gem traders" that you've discovered!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments