WellCare Health Plans Inc. (NYSE: WCG), a provider of managed care services to government-sponsored healthcare programs, closed at $115.17. The U.S. Department of Justice announced that law enforcement personnel with the FBI, the U.S. Office of Inspector General and Florida Attorney Generals Medicaid fraud control unit participated in the execution of a federal search warrant of WCG's Florida headquarters. WCG option volume was heavy over the last five trading days. WCG overall option implied volatility of 44 is above its 26-week average of 35 according to Track Data, suggesting larger price risks.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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Reader Comments (Page 1 of 1)
10-27-2007 @ 5:42AM
Mary Meakin said...
What is this flak about WellCare?? I am enrolled in WellCare and I have found them to be an excellent HMO. I've received all the care I have needed and have even enrolled in Curves to improve physical stamina and well-being. No problems as far as I am concerned. They are quick to respond to my doctor's office requests. Why are the Feds picking on them? Go clean up our borders and quit giving benefits to illegal aliens. Keep the Feds noses out of our health care plans.