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Biotech / Medical : Eli Lilly
LLY 884.54+2.9%Apr 25 9:30 AM EDT
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To: Moonray who wrote (623)12/17/2021 11:51:41 AM
From: Lance Bredvold1 Recommendation

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Moonray

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I have a 270 call sold for January and during the pop this week sold another at $280 for July. While the news has been good and I have actually penciled in EPS of $8.20 (above the $7.95 speculated 2 posts ago) that puts my $270 call at a PE of nearly 33. That's more than the company has shown as a high for any of the last 10 years except 2021. Clearly $280 is just as pricy so I'm feeling pretty secure in my sales which were both for $22.00. Of course I could be wrong, but I think the odds are excellent that I'll profit from these sales.

If I had some of my shares in retirement accounts I'd probably sell as it bounced so high the other day, but I don't want to claim the huge gain on the shares in my taxable accounts at this time, so a nice 8% bonus is welcome though it also entails some tax expense.
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