Calls Purchased on Kinetic Concepts (KCI)

Shares of Kinetic Concepts Inc. (NYSE: KCI) are lower on the session by 2.82%, currently trading $39.66. The stock has been cascading lower for the past six weeks and it is now struggling to hold onto the 200-day moving average.

I am seeing call buying in the name today, though it does appear to be positioning closing. The June $50 call was just purchased on the offer nearly 2,500 times; open interest on that strike is 3,204 contracts.

Call volume is now running at 5.66x the daily average.

Kinetic Concepts, Inc. is a global medical technology company devoted to the discovery, develop, manufacture and market technology therapies and products.