Health & Fitness
Health and Fitness
Health and Fitness
Wed, February 4, 2009
Tue, February 3, 2009 Schaeffer's Sentiment Snapshot: Kinetic Concepts, Inc. (KCI)
CINCINNATI--([ BUSINESS WIRE ])--Medical technology mogul Kinetic Concepts, Inc. (NYSE: KCI) was a celebrity among cynical options speculators yesterday. More specifically, the security saw almost 10,500 puts cross the tape – nearly 15 times its average daily volume of fewer than 750 contracts – likely in response to litigation news regarding the company's patents.
The most active bearish bet yesterday was KCI's February 20 put, with roughly 3,750 contracts changing hands on open interest of fewer than 350. However, even with the addition of the new positions at the 20 strike, the 17.50 strike remains home to peak put open interest in the front-month series, with about 2,300 contracts in residence.
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