Calls Purchased on AmerisourceBergen (ABC)

Shares of AmerisourceBergen ABC are higher on the session by 0.41%, currently trading at $32.07. The stock has been moving largely sideways over the past four months following a test and hold of the 200-day moving average. ABC 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 December $32.00 call was purchased 2,400 times, on the offer, on open interest of only 1,966 contracts. The Dec $33.00 call was also purchased 3,900 times on open interest of 565 contracts. This signals new positioning on the name. Overall call volume is now running at 12.73x the daily average with 96% of all calls traded being purchases on the offer. AmerisourceBergen Corporation is a pharmaceutical services company, with operations primarily in the United States and Canada. Servicing both healthcare providers and pharmaceutical manufacturers in the pharmaceutical supply channel, the company provides drug distribution and related services.