Call Buying Activity in Penske Automotive Group (PAG) Targets Upside in Shares Through March -Susquehanna

Susquehanna options strategist Alison Edwards notes call buying activity in Penske Automotive Group (NYSE: PAG), as opening investors purchased ~3.5k March 62.5 Calls for up to $4.50, after the same amount of March 60 calls were bought yesterday. In terms of upcoming potential catalysts, it appears as though the company may be part of a sell-side event today while earnings are expected later this month.

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