Coventry Receives Clean Bill of Health (CVH)

Shares of Coventry Health Care, Inc. CVH are lower on the session by 0.97%, currently trading at $21.44. The stock has been moving largely higher over the past three months, off of recent lows near $16.60. The stock is consolidating with a break out level at $22.14. Options traders are betting that the stock does indeed break out over the next few weeks. A short while ago the November $22.00 call was purchased 2,200 times, on the offer, for $1.30. Open interest on the strike is 2,153 contracts. Call volume is now running at 3.75x the daily average, 77% of all calls traded being purchases on the offer. Coventry Health Care, Inc. is a diversified national managed healthcare company based in Bethesda, Maryland, operating health plans, insurance companies, network rental and workers' compensation services companies. 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.