Calls Purchased on Medifast Inc. (MED)

Shares of Medifast Inc. MED are lower on the session by 1.94%, currently trading at $27.87. The stock has been a relative outperformer as of late, but is now struggling to hold the 50-day moving average. Options traders are picking up some calls today. The July $35 strike was purchased, on or near the offer, 2,400 times earlier in the session; open interest on the strike is only 502 contracts. Call volume is now running at 3.09x the daily average. Medifast, Inc. is engaged in the production, distribution, and sale of weight management and disease management products and other consumable health and diet products. The product lines include weight and disease management, meal replacement, and vitamins. The wholly owned subsidiaries of the Company include Jason Pharmaceuticals, Inc., Take Shape for Life, Inc., Jason Enterprises, Inc., Jason Properties, LLC and Seven Crondall, LLC.