Calls Purchased on Laboratory Corporation of America (LH)

Shares of Laboratory Corporation of America LH are higher on the session by 0.81%, currently trading at $88.78. 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 August 2011 $100.00 call was purchased 935 times, on the offer, on no prior open interest. This signals new positioning on the name. Overall call volume is now running at 3.35x the daily average with 96% of all calls traded being purchases on the offer. Laboratory Corporation of America Holdings is an independent clinical laboratory company. The company has a national network of 38 primary laboratories and over 1,500 patient service centers along with a network of branches and STAT laboratories (which are laboratories that have the ability to perform certain routine tests quickly and report the results to the physician immediately).