Calls Purchased on Laboratory Corporation of America (LH)

Shares of Laboratory Corporation of America LH are lower on the session by 0.59%, currently trading at $91.27. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2011 $90.00 call was purchased 2,000 times, on the offer, on open interest of 2,248 contracts. Overall call volume is now running at 6.71x the daily average with 97% of all calls traded being purchases on the offer. Laboratory Corporation of America Holdings is an independent clinical laboratory company. The company has a national network of 38 primary laboratories and over 1,500 patient service centers along with a network of branches and STAT laboratories.