Calls Sold on Allscripts Healthcare (MDRX)

Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free. Shares of Allscript-Misys Healthcare Solutions MDRX are lower on the session by 7.87%, currently trading $16.97. The stock has been in a downtrend since April and it is now trading well below the 50-day and 200-day moving averages. Options traders are betting that any rally in the name will be muted and are selling calls today. The June $17.50 strike was sold 1,000 times on open interest of 195 contracts and the September $17.50 strike was sold 2,500 times on 87 open contracts. Call volume is running at 7.72x the daily average with only 34% of all calls traded being purchases on the offer. Allscripts-Misys Healthcare and Eclipsys Corp. ECLP confirmed today that they have agreed to merge in an all-stock deal valued at $1.35 billion, creating an entity whose combined technology will make it easier for hospitals, nursing homes and doctors' offices to share patients' health information electronically. Eclipsys shareholders will receive 1.2 Allscripts shares for each Eclipsys share, a 19% premium to Eclipsys's Tuesday closing price of $18.51. Allscripts-Misys Healthcare Solutions, Inc., formerly Allscripts Healthcare Solutions, Inc., is a provider of clinical software, services, information and connectivity solutions used by the physicians and other health care providers.