Calls Purchased on Cardinal Health (CAH)

Shares of Cardinal Health Inc. CAH are lower on the session by 0.18%, currently trading at $33.20. The stock has been moving largely sideways for the past six months, but is currently below both the 50-day and 20-day moving averages. Options traders are buying calls on the name today, betting that the stock can rally from here. The September $35.00 call was purchased 987 times, on the offer, a short while ago; open interest on the strike is 2,096 contracts. Call volume is now running at 5.74x the daily average. Cardinal Health, Inc. is a provider of products and services to healthcare industry. During the fiscal year ended June 30, 2009 (fiscal 2009), the company had three segments: Healthcare Supply Chain Services, Clinical and Medical Products and All Other.