OptionsHouse

Options Trading News

April 13, 2012  Fri 12:11 PM CT

CVH: SEE CHART GET CHAIN FIND STRATEGIES
Coventry Health Care has seen a steep pullback this month, and the bulls are stepping into the managed-care company ahead of its earnings report in two weeks.

optionMONSTER's Heat Seeker shows that 2,718 July 34 calls were bought today for $1.60 and $1.65. Open interest was just 115 contracts at the beginning of the day, so these are new positions.

CVH is off 0.57 percent to $33.12 in afternoon trading. It climbed past $36 to an eight-month high at the end of March but has dropped sharply in April, finding support around the $33 level this week at its 50-day moving average.

Overall calls in the name are nearly 3 times its daily average. Not a single put has traded in Coventry all day.

The company is scheduled to release first-quarter earnings results in the pre-market on April 27.
Share this article with your friends


Invest Like a Monster - Las Vegas: March 13-14

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinar

Option Money Machine Winter Classic

Education & Strategy

The rolling technique

In the January 7th edition of Advantage Point, we initiated the purchase of a second week-out GOOGL 535 put at...

View more education articles »