Options Brief: Elan Corporation (ELN)

Shares of Elan Corporation ELN are higher on the session by 2.43%, trading at $5.89. Overall put volume is now running at 4.12x the daily average, with 63% of all puts traded being purchases on the offer. 1,503 contracts have traded on the session so far. Elan Corporation, plc is a neuroscience-based biotechnology company. Elan's operations are organized into two business units: BioNeurology and Elan Drug Technologies