Varian Medical Attracts Bull Call Activity (VAR)
September 23, 2010 1:34 PM
Shares of Varian Medical Systems, Inc. (NYSE: VAR) are flat on the session, currently trading at $59.90. The stock has been moving largely higher over the past few months, moreover the past two years, and is trading near historical resistance.
Options traders are picking up some calls on the name today. The October $60.00 call was purchased 2,000 times, on the offer, a short while ago; open interest on the strike is only 181 contracts. This signals new positioning on the strike.
Call volume is now running at 6.10x 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. The company also designs, manufactures, sells and services x-ray tubes for original equipment manufacturers; replacement x-ray tubes, and flat panel digital image detectors for filmless x-ray imaging in medical, dental, veterinary, scientific and industrial applications.
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