Calls Purchased on Varian Medical Systems (VAR)

Shares of Varian Medical Systems VAR are higher on the session by 0.40%, currently trading at $69.86. 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 January $70.00 call was purchased 2,000 times, on the offer, on open interest of 2,491 contracts. Overall call volume is now running at 14.42x the daily average with 99% of all calls traded being purchases on the offer. Varian Medical Systems, Inc. is engaged in he design, manufacture, sale and service of equipment and software products for treating cancer with radiotherapy, stereotactic radiosurgery and brachytherapy