Traders Bow-Wow Over WOOF
September 28, 2010 11:11 AM
Shares of VCA Antech, Inc. (NASDAQ: WOOF) are higher on the session by 0.29%, currently trading at $20.52. The stock has been moving largely lower over the past six months, after breaking down through the 200-day and 50-day moving average.
Options traders are betting that the stock pops soon, though resistance will be strong at $24.75, fyi. A short while ago the November $22.50 call was purchased 2,020 times, on the offer, for $0.35. Open interest on the strike is only 4 contracts, indicating new positioning.
Call volume is running at 64x the daily average, 98% on the offer.
VCA Antech, Inc. is an animal healthcare company operating in the United States and Canada. The company provides veterinary services and diagnostic testing to support veterinary care, and sells diagnostic imaging equipment and other medical technology products and related services to the veterinary market.
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