Downside Purchased on Catalyst Health (CHSI)
September 14, 2010 2:02 PM
Shares of Catalyst Health Solutions, Inc. (NASDAQ: CHSI) are lower on the session by 8.41%, currently trading at $39.97. The stock is moving lower today on the heels of an announcement that they have completed their acquisition of FutureScripts.
Options traders are worried about further downside in the name. Though action ahs been primarily in small lots, call volume is now running at 55x the daily average with 82% of all calls traded being purchases on the offer.
Traders are buying the $35.00 and $40.00 strikes in multiple months.
Catalyst Health Solutions, Inc. is a full-service pharmacy benefit management company. The company operates under the brand name Catalyst Rx. The company provides its clients access to a contracted, non-exclusive national network of approximately 63,000 pharmacies.
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