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Eli Lilly stock down 20% since January may rebound after Q1 earnings due to options market shifts.

Analyst Insights
29 Apr 2026
Seeking Alpha
View Source
Bullish
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Eli Lilly's stock has dropped over 20% since mid-January and missed the recent market rally. Despite this, strong Q1 earnings are expected, and bearish options market positioning with high implied volatility suggests a potential bullish reversal after earnings. A sharp drop in implied volatility post-earnings could force unwinding of bearish bets, supporting the stock price. Technical support levels around $850 and $825 indicate limited downside unless earnings disappoint significantly.

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