Calls Purchased As HealthSpring Jumps Higher (HS)

Shares of HealthSpring HS are higher on the session by 3.86%, currently trading at $38.49. 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 June 2011 $40.00 call was purchased 1,000 times, on the offer, on open interest of only 530 contracts. This signals new positioning on the strike. Overall call volume is now running at 11.68x the daily average with 76% of all calls traded being purchases on the offer. HealthSpring, Inc. is a managed care organization with a primary focus on Medicare, the federal government-sponsored health insurance program for United States citizens aged 65 and older, qualifying disabled persons and persons suffering from end-stage renal disease.