Calls Purchased on Coventry Health Care (CVH)

Shares of Coventry Health Care, Inc. CVH are higher on the session by 4.86%, currently trading at $24.62. The stock has been moving largely higher over the past four months and is now making a run higher, above the 50-day and 200-day moving averages. Options traders are buying calls on CVH today. A short while ago the December $24.00 call was purchased 3,000 times, on the offer, on open interest of only 60 contracts. This indicated new positioning on the strike. Overall call volume is now running at 5.89x the daily average with 96% of all calls traded being purchases on the offer. Coventry Health Care, Inc. is a diversified national managed healthcare company based in Bethesda, Maryland, operating health plans, insurance companies, network rental and workers' compensation services companies. is a diversified national managed healthcare company based in Bethesda, Maryland, operating health plans, insurance companies, network rental and workers' compensation services companies.