Call Buying Activity in Elanco Animal Health (ELAN) Targets Upside in Shares Through March -Susquehanna

Susquehanna options strategist Alison Edwards notes call buying activity in Elanco Animal Health (NYSE: ELAN), as an opening investor purchased 3.3k Mar 34 Calls for up to $1.15. These investors open upside exposure to a move beyond $34 (+3%) through mid-Mar, breaking even on a ~6% move higher.

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