LLY Options
Eli Lilly and Company Options Chain, Implied Volatility & Greeks
Comprehensive options market data for Eli Lilly and Company (LLY). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.
LLY Options at a Glance
What's Covered in This Guide
1 About Eli Lilly and Company (LLY)
Eli Lilly and Company trades on NYSE. Options on LLY are actively traded by retail and institutional investors.
Company Profile
Key Dates
LLY is an actively traded options name in the Pharmaceuticals space.
2 LLY Options Market Overview
LLY options offer good liquidity for traders seeking exposure to Pharmaceuticals.
Liquidity Assessment: Good
LLY options provide good liquidity for most trading strategies.
3 LLY Volatility Profile
LLY implied volatility reflects market expectations for Eli Lilly and Company price movement.
Earnings Impact
IV typically increases before earnings and contracts afterward (IV crush).
Historical Volatility vs IV
Compare IV to historical volatility to assess option pricing relative to realized moves.
Term Structure
Term structure varies with market conditions and upcoming events.
LLY Gamma Exposure (GEX)
Gamma Exposure (GEX) analysis for LLY shows how dealer hedging may impact price behavior.
Typical GEX Profile: GEX profile varies based on market conditions and option positioning.
Key Levels: Major put and call walls at round number strikes may act as support/resistance.
Dealer Hedging: Dealer hedging activity can influence price behavior at key gamma levels.
4 Common LLY Options Strategies
These are strategies commonly used by traders on LLY options, based on typical market characteristics. This is not investment advice.
Used by LLY traders for income exposure. Good liquidity supports efficient execution.
Used by LLY traders for directional exposure. Good liquidity supports efficient execution.
Used by LLY traders for volatility exposure. Good liquidity supports efficient execution.
Used by LLY traders for neutral exposure. Good liquidity supports efficient execution.
Used by LLY traders for time-based exposure. Good liquidity supports efficient execution.
Key Considerations for LLY Options
- LLY options liquidity: Good - affects execution quality
- IV range: 20% - 55% - important for premium selling strategies
- Earnings events can significantly impact IV and option prices
- Consider position sizing based on underlying volatility
- Weekly options available for short-term strategies
- LEAPS available for longer-term positioning
Frequently Asked Questions: LLY Options
What are LLY options?
LLY options are derivative contracts that give you the right to buy (call) or sell (put) Eli Lilly and Company shares at a specific price before expiration.
How do I analyze LLY implied volatility?
LLY IV typically ranges from 20% - 28% during quiet periods to 40% - 55% around earnings and major events. Compare current IV to historical ranges to assess relative value.
What is the typical bid-ask spread for LLY options?
LLY options have good liquidity with typical spreads varying by strike and expiration. ATM options generally have tighter spreads.
When does LLY report earnings?
Eli Lilly and Company typically reports earnings quarterly. Check the earnings calendar for exact dates as IV tends to increase before announcements.
What strategies work best for LLY options?
Popular LLY strategies include covered calls, vertical spreads, and straddles. Strategy selection depends on market outlook and risk tolerance.
What is the best time to trade LLY options?
The most liquid trading hours for LLY options are typically during regular market hours (9:30 AM - 4:00 PM ET), with highest volume around market open and close.
How do I calculate LLY option Greeks?
Use our free Options Calculator or Greeks Heatmap tool to calculate delta, gamma, theta, vega and other Greeks for LLY options across all strikes and expirations.
What happens to LLY options at expiration?
In-the-money LLY options are typically auto-exercised at expiration. Out-of-the-money options expire worthless. Consider closing positions before expiration to avoid assignment risk.
On This Page
LLY Analytics
LLY Key Events
Related Tickers
Analyze LLY Options
Access real-time GEX levels, IV analytics, and options flow for LLY.
Create Free Account View PlansExplore LLY Options Data
Access institutional-grade analytics including gamma exposure, implied volatility, and real-time options flow.