Tenet Healthcare (THC) adds 6 cents to $4.67 and a 14250-lot of Jul 5 calls trades on the stock for 30 cents per contract on PHLX when the market was 20 to 30 cents. More than 15,000 now traded against 1,902 in open interest. THC was among seven hospital names upgraded to Buy at Citi Monday ahead of the Supreme Court ruling on Obamacare. The firm sees hospital stocks rallying on the day a decision is announced in two of three scenarios. The most favorable scenario for the space, according to Citi, is that the law is upheld in its entirety.
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.