KV Pharmaceutical Co.(fka KVPHQ)

[Gonzo10000]

Calls Purchased on K-V Pharmaceutical Company (KV.A)
By Michael J. Zerinskas
Benzinga Staff Writer
April 01, 2011 1:11 PM
Symbols: KV.A
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Posted in: Long Ideas, Technicals, Trading Ideas, Options
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Shares of K-V Pharmaceutical Company (NYSE: KV.A) are lower on the session by 5.84%, currently trading at $5.64. The stock has been moving largely lower over the past three weeks and is currently consolidating between the 50-day and 200-day moving averages.

Options traders are buying calls on the name today. A short while ago the May 2011 $5.00 call was purchased 2,300 times, on the offer, on open interest of 708 contracts.

Overall call volume is now running at 2.12x the daily average with 92% of all calls traded being purchases on the offer.

K-V Pharmaceutical Company is an integrated specialty pharmaceutical company that develops, manufactures, acquires and markets branded and generic/non-branded prescription pharmaceutical products. It has offered a range of dosage form capabilities, including tablets, capsules, creams, liquids and ointments.

Read more: http://www.benzinga.com/trading-ideas/long-ideas/11/04/971438/calls-purchased-on-k-v-pharmaceutical-company-kv-a#ixzz1IIOu6bNC