Elan Corp (ELN) over all volatility at 86 into JNJ $1B deal, ELN shares up 18%
Down)
Elan Corp (NYSE: ELN) : Elan is recently trading at $8.49 in pre-open trading, above its close of $7. Johnson and Johnson (JNJ) will acquire 18.4% stake in ELN for $1B. ELN over all option implied volatility is at 86, July is at 97; August is at 86; verses its six-month average of 88, according to Track Data Paul Foster
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