Traders Buying Upside on Aetna Inc. (AET)

Shares of Aetna Inc. AET are higher on the session by 2.36%, currently trading at $33.57. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the April 2011 $33.00 call was purchased 18,000 times, on the offer, on open interest of 15,820 contracts. This appears to be new positioning. Overall call volume is now running at 7.12x the daily average with 97% of all calls traded being purchases on the offer. Aetna Inc. is a diversified health care benefits company. Its offers a range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans.