Calls Purchased on Molina Healthcare (MOH)
June 14, 2010 2:34 PM
Shares of Molina Healthcare Inc. (NYSE: MOH) are higher on the session by 1.30%, currently trading at $27.31. The stock has been a relative outpeformer as of late, but is now struggling to hold the 50-day moving average.
Options traders are betting that the level holds and the stock moves higher. The July $30 call was purchased 623 times, for $0.60, on no open interest and the December $35 call was purchased 1,910 times, on the offer, on open interest of 60 contracts.
Call volume is running at 36x the daily average.
Molina Healthcare, Inc. is a multi-state managed care organization that arranges for the delivery of healthcare services to persons eligible for Medicaid, Medicare and other government-sponsored programs for low-income families and individuals.
