Gutting it out with LLY

LLY is a very extended stock, but it hasn’t shown any signs of letting up yet. I think it might just keep powering higher from here if the markets hold up.

My plan is to start a position today, hopefully on a slight pullback for the stock, with a half-sized position. I want to leave room for an addition if the stock has a slight pullback this week, but stays above my stop-loss price.

If things don’t go my way, I plan to stop out of this trade if LLY closes under $545, which is the recent support level from the last week or so.

If it breaks out higher, I think we could see a meaningful move up to around $575 as my first target and even $590 after that.

It is going to be a fun week of trading…I hope you are ready for it!

People liked the addition of a call spread option last week, so I am going to start making that a regular thing.

That trade made around 100% last week, with lower risk than simply buying the call options alone. I hope this week can repeat that!

My Trade Plan Details:

• LLY Sept 15, 2023 $565 call near $5.50

• Stop: Close under $545

• Target 1: $575

• Target 2: $590

BONUS Call Spread Idea:

LLY Sept 15 BUY $555 call & SELL $575 call for $7.00 net debit.

(☝️from my actual email)

_{DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer.}

_{FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.}

_{RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.}

_{RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization.}

_{WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.}

_{If you have a current active subscription with Jason Bond Picks you will need to contact us here if you want to cancel your subscription. Opting out of emails does not remove you from your service at JasonBondPicks.com.}

_{In the event that any suit or action is instituted as a result of doing business with RagingBull.com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled.}