Calls Purchased on Kinetic Concepts (KCI)
February 28, 2011 12:25 PM
Shares of Kinetic Concepts (NYSE: KCI) are higher on the session by 4.77%, currently trading at $49.60. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 20-day moving averages.
Options traders are buying calls on the name today. A short while ago the June 2011 $55.00 call was purchased ~500 times, on the offer, on open interest of only 70 contracts. This signals new positioning on the strike.
Overall call volume is now running at 3.19x the daily average with 84% of all calls traded being purchases on the offer.
Kinetic Concepts, Inc. is a global medical technology company devoted to the discovery, develop, manufacture and market technology therapies and products. The company's business units serve the advanced wound care, regenerative medicine and therapeutic support system markets.
Benzinga's Options and Vol Edge subscribers just enjoyed a 188% gain on Mechel! Click here to get the next winning trade before it's too late.
