Calls Purchased on WellCare Health Plans (WCG)

Shares of WellCare Health Plans WCG are higher on the session by 0.45%, currently trading at $26.75. The stock has been trading largely lower over the past six months, but appears to be in a bottoming process. Options traders are picking up some calls today. The July $30 call was purchased 1,100 times on open interest of 273 contracts and the September $35 call was purchased 979 times on open interest of 3,289 contracts. Call volume is now running at 19.83x the daily average. WellCare Health Plans, Inc. provides managed care services to government-sponsored health care programs, focused on Medicaid and Medicare, including prescription drug plans and health plans for families, children and the aged, blind and disabled. As of December 31, 2009, the company served approximately 2.3 million members.