Puts Sold on Varian Medical Systems (VAR)
July 23, 2010 2:05 PM
Shares of Varian Medical Systems Inc. (NYSE: VAR) are higher on the session by 1.39%, currently trading at $55.63. The stock has been moving largely higher over the past two months and is trading above both the 50-day and 200-day moving averages.
Options traders are selling puts on the name today. The August $50.00 put was sold 2,000 times, on or near the bid, a short while ago; open interest on the strike is 6,743 contracts. This may signal that a long put position was closed out.
Put volume is currently running at 2.88x the daily average.
Varian Medical Systems, Inc. is engaged in the design, manufacture, sale and service of equipment and software products for treating cancer with radiotherapy, stereotactic radiosurgery and brachytherapy.
