Bulls Move Into Tenet Healthcare (THC)

Shares of Tenet Healthcare Corp. THC are lower on the session by 1.18%, currently trading at $4.18. The stock has been moving largely lower over the past four months, off from a recent high near $6.50. One options trader is betting that the slide in the name is over. The September $4.00 put was sold, on the bid, 15,000 times (single block) for $0.10 a short while ago. Open interest on the strike is 510 contracts, signaling new, bullish positioning on the name. Put volume is now running at 20.07x the daily average. Tenet Healthcare Corporation is an investor-owned health care services company, which principally operates general hospitals and related ancillary health care businesses. As of December 31, 2009, Tenet's subsidiaries operated 50 general hospitals and a critical access hospital, with a combined total of 13,601 beds, serving urban and rural communities in 12 states. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.