Calls Active on WellPoint (WLP)

Shares of WellPoint (WLP) are trading higher on the session by 0.76%, at $62.34. The stock has been consolidating above the 50-day moving average since the beginning of October; shares look ready to break out here.

One trader is buying upside on WLP today, betting shares can breech recent resistance. Shortly after the opening bell the November $67.50 call was purchased 3,425 times, above the offer, for $0.61. Open interest on the strike is only 788 contracts, indicating new positioning.

Overall call volume is now running at 1.2x normal volume.

30-day implied volatility is off 0.6% today to 33.77%, while 10-day realized vol is registering 25.02%.

WellPoint, Inc. is a health benefit company in terms of medical membership in the United States, serving 34.3 million medical members through its affiliated health plans and a total of 65.3 million individuals through all subsidiaries as of December 31, 2011. 

About Michael Zerinskas

Originally from Chicago, Michael J. Zerinskas began his career as an intern for a small high-frequency trading firm based at the CME; he then moved on to become Chief Options Strategist at Benzinga.com. Michael is now Unusual Activity Editor at The Options Insider, specializing in VIX, volatility, and flagging unusual activity.