
The S&P 500 is set to open Friday up 0.32% despite rather mediocre earnings results from yesterday's trading, which included Eli Lilly (LLY) stock losing more than 14% after reporting disappointing data on its new weight-loss pill.
As for yesterday's unusual options activity, there were 1,268 options with Volume-to-Open-Interest (Vol/OI) ratios of 1.24 or more expiring in seven days or longer. Of those, 640 were calls, and 628 were puts, a slightly bearish indication.