Upside Purchased on PharMerica (PMC)

Shares of PharMerica Corporation (PMC) are higher on the session by 5.79%, currently trading at $8.40. The stock has been moving sharply lower over the past six months, off of a recent high near $20.75. Options traders are buying calls on the name today, betting that the stock maybe at a short-term bottom. Though action has been primarily in small lots, call volume is now running at 5x the daily average. Traders are buying the $7.50 and $10.00 strikes in multiple months. PharMerica Corporation is an institutional pharmacy services company that services healthcare facilities and provides management pharmacy services to hospitals. The company's customers include institutional healthcare providers, such as nursing centers, assisted living facilities, hospitals and other long-term alternative care settings and the primary source of supply of pharmaceuticals to its customers. The company also provides pharmacy management services to 86 hospitals in the United States. The company operates in two business segments: institutional pharmacies and hospital pharmacy management. 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.