Calls Purchased on Allscripts (MDRX)

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Shares of Allscripts-Misys Healthcare Solutions
MDRX
are higher on the session by 3.25%, currently trading at $17.18. The stock was down sharply yesterday, on heavy volume, on news of its deal with Eclipsys Corp.
ECLP
. The stock is rebounding today and options traders are picking up calls as well. The July $17.50 call was purchased between the bid and ask 2,500 times for $0.75. Open interest on the strike is only 324 contracts, indicating new, bullish call buying. Call volume is running at 4.93x the daily average. Allscripts-Misys Healthcare Solutions, Inc., formerly Allscripts Healthcare Solutions, Inc., is a provider of clinical software, services, information and connectivity solutions used by the physicians and other health care providers.
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Posted In: Long IdeasTechnicalsOptionsTrading IdeasHealth CareHealth Care Technology
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