Calls Purchased on HealthSouth Corporation (HLS)

Shares of HealthSouth Corporation HLS are lower on the session by 0.62%, currently trading at $22.43. The stock had been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving average. Options traders are buying calls on the name today. A short while ago the July 2011 $25.00 call was purchased 1,000 times, on the offer, on open interest of 1,189 contracts. Overall call volume is now running at 9.35x the daily average with 72% of all calls traded being purchases on the offer. HealthSouth Corporation is a provider of inpatient rehabilitative healthcare services. The company operates 93 inpatient rehabilitation hospitals, six freestanding long-term acute care hospitals, 40 outpatient rehabilitation satellites (operated by its hospitals), and 25 licensed, hospital-based home health agencies.