Calls Purchased on Stryker Corporation

Shares of Stryker Corporation SYK are lower on the session by 0.67%, currently trading at $67.87. 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 calls on the name today. A short while ago the September 2011 $65.00 call was purchased 1,000 times, on the offer, on open interest of 5,168 contracts. The Sept $70 call also trade 1,000 times on open interest of 1,071 contracts. Overall call volume is now running at 2.30x the daily average with 60% of all calls traded being purchases on the offer. Stryker Corporation is a medical technology company. The company provides orthopaedic implants, as well as medical and surgical equipment. It has two segments: Orthopaedic Implants and MedSurg Equipment.