Upside Purchased on Tenet Healthcare (THC)

Shares of Tenet Healthcare Corporation THC are higher on the session by 1.43%, currently trading at $4.27. The stock has been moving largely lower over the past six months, off from a recent high near $6.50. Options traders are betting on upside in the name for a second day in a row. A short while ago the November $4.00 call was purchased 1,000 times on open interest of 4,706 contracts and the January 2011 $5.00 call was purchased 3,300 times on open interest of 6,485 contracts. Call volume is running at 5.5x the daily average with 97% of all calls traded being purchases on the offer. Tenet Healthcare Corporation is an investor-owned health care services company, which principally operates general hospitals and related ancillary health care businesses. As of December 31, 2009, Tenet's subsidiaries operated 50 general hospitals and a critical access hospital, with a combined total of 13,601 beds, serving urban and rural communities in 12 states. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.