Traders Worried About a Short-Term Pullback in Athenahealth (ATHN)
December 15, 2010 11:40 AM
Shares of Athenahealth, Inc. (NASDAQ: ATHN) are lower on the session by 1.67%, currently trading at $43.19. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the December $43.00 put was purchased 785 times, on the offer, on open interest of only 106 contracts and the Dec $41.00 put was purchased 400 times on open interest of 536 contracts.
Overall put volume is now running at 2.95x the daily average with 80% of all puts traded being purchases on the offer.
Athenahealth, Inc. is a provider of Internet-based business services for physician practices. The company's service offerings are based on four integrated components: its Internet-based software; athenahealth's database of payer reimbursement process rules; back-office service operations that perform administrative aspects of billing and clinical data management for physician practices, and automated and live patient communication services.
