Options Brief: Universal American Corp. (UAM)

Shares of Universal American Corp. (NYSE: UAM) are higher on the session by 38.40%, trading at $20.22.

Overall put volume is now running at 527.50x the daily average, with 48% of all puts traded being purchases on the offer. 1,055 contracts have traded on the session so far.

Universal American Corp. offers a range of health insurance and managed care products and services, primarily to the Medicare population.

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