Calls Purchased on Coventry Health Care, Inc. (CVH)

Shares of Coventry Health Care, Inc. CVH are lower on the session by 0.06%, currently trading at $34.65. 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 May 2011 $35.00 call was purchased 1,700 times, on the offer, on open interest of 748 contracts. Overall call volume is now running at 4.20x the daily average with 85% of all calls traded being purchases on the offer. Coventry Health Care, Inc. is a diversified national managed healthcare company based in Bethesda, Maryland. The Company operates health plans, insurance companies, network rental and workers' compensation services companies.