Calls Purchased on Mylan Inc. (MYL)

Shares of Mylan Inc. MYL are lower on the session by 0.32%, currently trading at $22.67. 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 March 2011 $23.00 call was purchased 1,000 times, on the offer, on open interest of 2,289 contracts. The Mar $24 call is also active.

Overall call volume is now running at 3.41x the daily average with 70% of all calls traded being purchases on the offer.

Mylan Inc. is a global pharmaceutical company that develops, licenses, manufactures, markets and distributes generic and branded generic pharmaceuticals, specialty pharmaceuticals and active pharmaceutical ingredients.

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