Puts Sold on Cardinal Health (CAH)

Shares of Cardinal Health Inc. CAH are higher on the session by 2.58%, currently trading at $35.32. The stock has been trading largely lower over the past three months, but has rallied and initiated a new, technical bull trend as of late. Options traders are echoing the bullish sentiment by selling puts on the name. The September $35.00 put was sold, on or near the bid, 1,000 times on open interest of 940 contracts. This signals new, bullish positioning on the name. Put volume is now running at 3x the daily average. Cardinal Health, Inc. is a provider of products and services to healthcare industry. During the fiscal year ended June 30, 2009 (fiscal 2009), the company had three segments: Healthcare Supply Chain Services, Clinical and Medical Products and All Other.