Calls Purchased on Stryker (SYK)

Shares of Stryker Corp. SYK are lower on the session by 1.74%, currently trading at $47.00. The stock has been moving largely lower over the past three months, off from recent highs near $59.00. Options traders are buying calls on the name today, betting the stock may be at a short-term bottom. Though action has been primarily in small lots, call volume is currently running at 2.10x the daily average. Traders are buying the $47, $48, $49, and $50 strikes in August. Stryker Corporation is a medical technology company with a range of products in orthopaedics and a presence in other medical specialties. The company's products include implants used in joint replacement, trauma, spinal and craniomaxillofacial; surgical equipment and surgical navigation systems, endoscopic and communications systems; patient handling and emergency medical equipment, as well as other medical device products used in a variety of medical specialties.