Notable Call Options Activity in Questcor Pharmaceuticals

Shares of Questcor Pharmaceuticals QCOR are higher on the session by 1.29%, currently trading at $13.43. The stock has been moving largely lower over the past three months and is currently testing the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the July 2012 $50.00 call, which has traded 3,900 times on open interest of 1,150 contracts. The July $42.00 call also traded 2,500 times on 553 contracts. Calls are outpacing puts today by 11 to 1. Questcor Pharmaceuticals, Inc. is a biopharmaceutical company. The company's primary product is H.P. Acthar Gel, an injectable drug that is approved by the United States Food and Drug Administration, for the treatment of 19 indications.