Calls Purchased on Medifast, Inc. (MED)

Shares of Medifast, Inc. MED are lower on the session by 1.64%, currently trading at $21.57. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the March $21.00 call was purchased 2,000 times, on the offer, on open interest of 169 contracts. Overall call volume is now running at 2.06x the daily average with 91% of all calls traded being purchases on the offer. Medifast, Inc. is engaged in the production, distribution, and sale of weight management and disease management products and other consumable health and diet products.