Calls Purchased on Mylan

Shares of Mylan MYL are higher on the session by 2.13%, currently trading at $19.19. The stock has been moving largely lower over the past five weeks and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the January 2012 $22.50 call traded 4,100 times on open interest of 6,689 contracts. Overall call volume is now running at 3.21x the daily average with 96% of all calls traded being purchases on the offer. Mylan Inc. and its subsidiaries is a generic and specialty pharmaceutical company, which provides products to customers in more than 150 countries and territories.
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Posted In: OptionsHealth CarePharmaceuticals
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