Calls Purchased in Community Health

Community Health Systems Inc. CYH is trading lower on the session by 1.00% today, currently trading $40.20. The operator of hospitals in the US is trending higher and has recently bounced off of the 50-day moving average, which is bullish. Community Health Systems Inc. is scheduled to Participate in The Bank of America/Merrill Lynch Healthcare Conference BAC May 11-13 and one trader is betting that the company issues some good news. The May $45 call was purchased on the offer 1,500 times for $0.10. This action has pushed call volume to 3.56x the average daily volume.