HNT – Health Net, Inc. – Bullish call buying commenced on the provider of managed health care services today with shares of the underlying stock trading 1.75% higher to $26.20 as of 12:30 pm (ET). Earlier shares rallied nearly 3.4% to touch an intraday high of $26.62, which is a scant $0.11 below Health Net’s current 52-week high of $26.73 attained back on January 20, 2010. Investors expecting shares to continue higher and reach a new 52-week high ahead of expiration day this month picked up approximately 1,300 calls at the June $27.5 strike for an average premium of $0.31 apiece. Call-buyers make money if Health Net’s shares surge 4.5% to surpass the average breakeven price of $27.81 by June expiration.
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