Calls Purchased on Mindray Medical International (MR)
December 28, 2010 2:29 PM
Shares of Mindray Medical International (NYSE: MR) are higher on the session by 1.37%, currently trading at $26.10. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the January 2011 $25.00 call was purchased 1,000 times, on the offer, for $1.70 on open interest of only 730 contracts. This signals new positioning on the name.
Overall call volume is now running at 10.06x the daily average with 91% of all calls traded being purchases on the offer.
Mindray Medical International Limited, through its subsidiary, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., develops, manufactures, and markets medical devices worldwide. It operates in three segments: Patient Monitoring and Life Support Products, In-Vitro Diagnostic Products, and Medical Imaging Systems.
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