Eli Lilly and Co (LLY) was selected by MarketIntelligenceCenter.com’s trade-picking algorithms today after trading between $68.31 and $70.26 on Friday before closing at $68.41.

A diagonal spread using a long position in the Jan. '16 $55.00 call and a short position in the $70.00 May. '15 call for a net debit of about $13.01 would yield 15.30% in just 67 days. A less risky, but more expensive strategy would be a covered call using the same sold option.

Technical indicators for the stock have been bearish and support has been near $67.04 with resistance around $70.94.