Call Buying Activity in Duke Energy (DUK) Targets 5.5% Upside in Shares Through Mid-June, Amid Elliott Management Headlines -Susquehanna

May 17, 2021 3:12 PM EDT

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Susquehanna options strategist Alison Edwards notes call buying activity in Duke Energy (NYSE: DUK), as an opening investor purchased 10k Jun 110 Calls. This investor opens upside exposure through mid-June, breaking even on a 5.5% rally in the underlying. Later in the session, headlines broke that Elliott is calling on the company to consider separating into 3 companies.

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Elliott Associates, Susquehanna International Group of Companies