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Trader Takes a Huge Volatility Position in ELN

Elan Corporation (ELN, $14.45, up $0.35) announced their Q2 earnings this morning and stated a profit that exceeded expectations from Wall Street. The company discussed how their EPS increased to $4.28, which beat analyst estimates by $0.02. Their earnings were largely impacted by the transaction of the blockbuster drug Tysabri, which was a significant portion […]