Shares of Tenet Healthcare Corporation THC are lower on the session by 0.46%, currently trading at $4.32. The stock has been moving largely lower over the past six months, off from a recent high near $6.50.
Options traders are picking up some upside on THC today. A short while ago the November $4.00 call was purchased 2,050 times, on the offer, for $0.55; open interest on the strike is 2,811 contracts.
Call volume is now running at 3.01x the daily average with 93% of all calls traded being purchases on the offer.
Tenet Healthcare Corporation is an investor-owned health care services company, which principally operates general hospitals and related ancillary health care businesses. As of December 31, 2009, Tenet's subsidiaries operated 50 general hospitals and a critical access hospital, with a combined total of 13,601 beds, serving urban and rural communities in 12 states.
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