Noteworthy Monday Option Activity: CRWD, LLY, DG

Eli Lilly (LLY) and Dollar General (DG) are experiencing notably elevated options trading volume today, with LLY options representing 56.8% of its average daily share volume and DG options at 44.2%. This activity includes significant interest in long-dated August 2025 $850 call options for LLY, signaling potential bullish sentiment, and high volume in August 2025 $107 put options for DG, suggesting a bearish outlook for the retailer.

Analysis

Eli Lilly (LLY) and Dollar General (DG) are experiencing significant options market activity, indicating divergent investor sentiment for the two companies. LLY's options volume today accounts for 56.8% of its average daily share volume, with a notable concentration in the August 2025 $850 strike call options. This activity, representing approximately 185,300 underlying shares, signals a strong, long-term bullish outlook from traders betting on substantial price appreciation over the next year. Conversely, Dollar General's options volume reached 44.2% of its average daily share volume, with a focus on the August 2025 $107 strike put options. The high volume in these puts, equivalent to 138,800 underlying shares, suggests significant bearish positioning or hedging activity against a potential price decline below $107. The data points to technical flows where capital is being positioned for continued upside in LLY and potential downside in DG.

Key Decisions for Investors

• For Eli Lilly, the substantial volume in long-dated call options signals strong bullish conviction in the market, which could act as a tailwind; investors should monitor if this upward momentum persists.