Calls Purchased on WellCare Health Plans

Shares of WellCare Health Plans WCG are higher on the session by 2.69%, currently trading at $49.64. 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 $55.00 call was purchased 1,800 times, on the offer, on open interest of 17 contracts. Overall call volume is now running at 8.43x the daily average with 93% of all calls traded being purchases on the offer. WellCare Health Plans, Inc. provides managed care services exclusively to government-sponsored health care programs. through its licensed subsidiaries, as of December 31, 2010, the company operated its Medicaid health plans in Florida, Georgia, New York and Ohio, and its Medicare Advantage coordinated care plans in Connecticut, Florida, Georgia, Hawaii, Illinois, Missouri, New Jersey, New York, Ohio and Texas.