Tenet Healthcare Corporation (THC) $7.04 +1.02%
Tenet Healthcare (THC) adds 7 cents to $7.04 after reporting a quarterly profit of 14 cents per share, which was 6 cents better than Street views. Two blocks of 2,550 May 7 calls traded at 40 and 45 cents in early action. The market was 30 to 45 cents and looks like 5,300 contracts were bought total. Probably tied to 330K shares at $7.03 and possibly closing. Open interest in the May 7 calls is 26,821 and the second biggest open position in THC behind March 7 call options.
Category: All Stocks, Health Care Equipment & Services, Large Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
