AmerisourceBergen Receives Bill of Good Health (ABC)

Shares of AmerisourceBergen Corporation ABC are higher on the session by 0.82%, currently trading at $30.67. The stock has been moving largely higher over the past few weeks, off from recent lows near $27.00, though it is flirting with resistance as of late. Options traders are buying calls on the name today, betting on further upside for shares. A short while ago the October $32.00 call was purchased 1,900 times, on the offer, for $0.30; open interest on the strike is only 88 contracts, signaling new positioning. Call volume is now running at 2.83x the daily average with 75% of all calls traded being purchases on the offer. AmerisourceBergen Corporation is a pharmaceutical services company, with operations in the United States and Canada. The company provides drug distribution and related services, servicing both healthcare providers and pharmaceutical manufacturers in the pharmaceutical supply channel. 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.