Why is Eli Lilly and Archer Aviation experiencing unusual options activity?

Eli Lilly and Archer Aviation are not currently forming a cohesive theme in terms of unusual options activity, as their respective stock movements and news articles do not align with a common catalyst. Here's a breakdown of the options activity and news for each company:

1. Eli Lilly (LLY):
   • The closing price of LLY on April 17, 2025, was $838.83, representing a 14.11% increase from the previous day.
   • The stock has a "Strong Buy" analyst consensus rating with an average price target of $1034, indicating potential for further price appreciation.
   • Recent positive results from Phase 3 trials for orforglipron in diabetes treatment and obesity management have likely contributed to the stock's surge. These trials showed significant efficacy and a safety profile consistent with injectable GLP-1 medicines.
   • The 5-Day, 10-Day, and 20-Day moving averages are $762.46, $747.51, and $786.96, respectively, suggesting that the stock is trading above its short-term and medium-term averages, which could be a sign of bullish sentiment.
   • The Average True Range (ATR) is $45.87, which is a measure of the average range of price movement over a given period, and can influence trading strategies.
   • Resistance and support levels are $866.87 and $691.77, respectively, providing potential barriers to upward or downward movement.

2. Archer Aviation (ACHR):
   • The closing price of ACHR on April 17, 2025, was $7.19, representing a 1.91% increase from the previous day.
   • The stock also has a "Strong Buy" analyst consensus rating with an average price target of $12.8, suggesting potential for price appreciation.
   • Archer Aviation is planning to launch an eVTOL air taxi network with United Airlines, which could be a significant catalyst for the stock. This network aims to connect Manhattan with major NYC airports, potentially transforming urban transportation.
   • The 5-Day, 10-Day, and 20-Day moving averages are $7.11, $6.93, and $7.36, respectively, indicating that the stock is trading below its short-term and medium-term averages, which could suggest bearish sentiment.
   • Resistance and support levels are $7.54 and $6.