Calls Purchased on Warner Chilcott

Shares of Warner Chilcott plc WCRX are higher on the session by 1.97%, currently trading at $24.34. The stock has been moving largely higher over the past five weeks and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short while ago the July 2011 $24.00 call traded 2,000 times on open interest of 698 contracts. Overall call volume is now running at 24.96x the daily average with 78% of all calls traded being purchases on the offer. Warner Chilcott plc is a specialty pharmaceutical company focused on the women's healthcare, gastroenterology, dermatology and urology segments of the North American and Western European pharmaceuticals markets.