McKesson (MCK) adds two pennies to $82.30 and one investor bought 9,000 April 82.5 calls on the stock for an average of $2.433 per contract. The hefty premium purchase is tied to 520K shares at $82.32 and is a new position. More than 10,000 Apr 82.5 calls now traded on the San Francisco, CA pharmaceutical and medical products company. Total volume is 12,000 calls and 2,100 puts and levels of implied volatility in the options on the stock moved up 6.5 percent to 21. No recent headlines on the ticker. Earnings were last reported on 1/30.
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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.