Eli Lilly and Company
Short
Updated

LLY Short

116
Bearish engulfing
At Resistance Zone

Short Entry 240
Stop 247
Target1 205 -- next demand Zone
Target2 192 -- ABC pattern


Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Note
Buy 2022 Jan Put butterfly P170/195/220
Limit 3
Stop 247
Delta -0.08, theta -0.01
10/26 earning. I bet for down side.
If not down, this position will be stopped soon. about to loss 1.5, 50% in 10 days.
Trade active
buy put butterfly 2021 Dec P230/210/190 2.3
I bet earning for down side.
Trade active
Close put butterfly 2021 Dec P230/210/190, 2.7, make even in 2nd entry.
After earning, price dropped small.
Trade closed manually
Close 2022 Jan Put butterfly P170/195/220, 1.4, small loss.

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