Morning chart- LLY quaduple top breakout!

Gary Kwapik

Morning chart- LLY quaduple top breakout!

By Gary Kwapik — Author

Hello Everyone,

LLY has setup a bullish quad top breakout here with a target of around 84 area. Mid range IV would allow a debit spread or long call to trade in this equity. IV is also high enough to possibly sell a put spread too assuming you can get a good premium.

Take a look at the IBB ETF chart showing a nice move in the Biotech sector.

Subscribers please check website as we have important information regarding the ETF model today!

LLY Chart:

Tickers: LLY

Posted to Stock & Option Scout on Mar 20, 2015 — 8:03 AM

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Gary Kwapik