Calls Purchased on MedAssets (MDAS)

Shares of MedAssets Inc. MDAS are higher on the session by 3.87%, currently trading at $20.12. The stock has been moving largely lower over the past few weeks, down from highs of $24.50 in the beginning of August. Options traders are betting that the stock sees a bit of a bounce and are buying calls. The September $22.50 call was purchased 1,800 times, on the offer, a short while ago; open interest on the strike is 1,934 contracts. Call volume is now running at 15.22x the daily average. MedAssets, Inc. provides technology-enabled products and services. These solutions are designed to improve operating margin and cash flow for hospitals and health systems.