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Call Buying Activity in Live Nation (LYV) Targets 9% Upside in Shares Through Mid-March -Susquehanna

March 3, 2020 2:55 PM EST

Susquehanna options strategist Alison Edwards notes call buying activity in Live Nation (NYSE: LYV), as an opening investor purchased 7.7k Mar 62.5 Calls for $2.00. The investor buys volatility, suggesting the shares have an increased probability to trade above $62.50 (+5.7%) through mid-Mar, breaking even on a ~9% move higher.

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