Puts Sold on SXC Health Solutions (SXCI)

Shares of SXC Health Solutions Corp. SXCI are higher on the session by 0.58%, currently trading $74.11. The stock continues to break higher and higher and is trading at a fresh 52-week high. One trader is selling out of their put position in the name today as well. The July $70 put was sold on the bid 1,000 times earlier in the session; open interest on the strike is 1,777 contracts, signaling a closing transaction. Put volume is now running at 6.44x the daily average. SXC Health Solutions Corp. is a provider of pharmacy benefit management (PBM) services and healthcare information technology (HCIT) solutions to the healthcare benefit management industry. The product offerings and solutions combine a range of applications, and PBM services designed to assist its customers in reducing the cost and managing the complexity of their prescription drug programs.