Shares of Tenet Healthcare Corporation THC are lower on the session by 1.13%, currently trading at $7.02. The stock has been moving largely higher over the past four months and is currently consolidating above the 50-day and 200-day moving average.
Options traders are buying calls on the name today. A short while ago the May 2011 $7.00 call was purchased 5,800 times, on the offer, on open interest of 32,725 contracts.
Overall call volume is now running at 2.05x the daily average with 77% of all calls traded being purchases on the offer.
Tenet Healthcare Corporation is an investor-owned company that operates in one line of business: the provision of health care services through the operation of acute care hospitals and related health care facilities.
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