Calls Purchased on Tenet Healthcare Corporation (THC)

Shares of Tenet Healthcare Corporation THC are lower on the session by 1.13%, currently trading at $7.02. The stock has been moving largely higher over the past four months and is currently consolidating above the 50-day and 200-day moving average. Options traders are buying calls on the name today. A short while ago the May 2011 $7.00 call was purchased 5,800 times, on the offer, on open interest of 32,725 contracts. Overall call volume is now running at 2.05x the daily average with 77% of all calls traded being purchases on the offer. Tenet Healthcare Corporation is an investor-owned company that operates in one line of business: the provision of health care services through the operation of acute care hospitals and related health care facilities.