Humana To Rally Over 10% (HUM)

Shares of Humana Inc. HUM are lower on the session by 0.39%, currently trading at $50.68. The stock has been moving largely higher over the past three months and looks to be ready to break out. A move above $52.26 is key to signal another upside move. Options traders are buying call options today, betting that the stock will rally over 10% in the next few weeks. The October $55.00 call was purchased 2,550 times, on the offer, for $0.50 a short while ago; open interest on the strike is only 239 contracts. This signals new positioning on the name. Call volume is currently running at 2.74x the daily average with 92% of all calls traded being purchases on the offer. Humana Inc. is a health and supplemental benefits company. The company is a benefits solutions company, offering an array of health and supplemental benefit products for employer groups, government benefit programs, and individuals. Humana operates in two segments: Government and Commercial. For more great research like this, as well as how to play it through options…please visit Benzinga’s Options & Volatility Edge and Benzinga’s Cash Generator.