LLY at resistance and overbought historically

Way overbought on all technicals, looking for a pullback to $270 range in the next week or so. Will add every $2 increase in stock price up. Will cover at or under target.

Commento:

Large fund just dumped on yesterdays pump. Endowment Inc Lilly, a major owner of Eli Lilly and Company, recently disposed of 220,000 shares of the company.

Trade chiuso manualmente:

Had added puts twice. Closed position for 18% profit. Took longer than anticipated so options decayed cutting into profits.