Calls Purchased on Kinetic Concepts (KCI)

Shares of Kinetic Concepts Inc. (NYSE: KCI) are higher on the session by 2.65%, currently trading $41.50. The stock has been falling as of late and has filled a gap that was formed back in March. The stock seems to have found support at this level, which is also the 200-day moving average.

I am also detecting call buying in the name today with the June $45 call purchased on the offer over 2,300 times; open interest on the strike is only 925 contracts, which suggests new, bullish positioning.

Call volume is now running at 17.06x the daily average.

Kinetic Concepts, Inc. is a global medical technology company devoted to the discovery, develop, manufacture and market technology therapies and products. The Company's business units serve the advanced wound care, regenerative medicine and therapeutic support system markets.