LLY Is Overbought ---$615 Put Play**💊 LLY WEEKLY TRADE IDEA — BEARISH PRESSURE BUILDING**
📉 **Sentiment:** Strong bearish lean (70% confidence) — low RSI, high volume distribution.
📊 **Institutional Flow:** 1.7x weekly volume, puts stacking near key strikes.
⚠ **Risk:** Gamma risk + oversold → expect high volatility.
**🛠 Setup:**
* **Direction:** PUT (Short bias)
* **Strike:** \$615
* **Expiry:** 2025-08-15
* **Entry:** \$2.20 – \$2.40
* **PT:** \$3.30 (50-100% gain target)
* **SL:** \$1.20 (\~40-50% loss cap)
📌 **Why?**
* Daily RSI \~20, Weekly RSI \~33 → both falling
* Institutional selling pattern confirmed
* Bearish volume + neutral C/P ratio tilt
💡 *Timing is key — oversold = possible dead-cat bounce before breakdown to \$605 support.*
