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Lab Corp (LH) Breakout with Large Calls Positioned for Break-Up Catalyst

Lab Corp (LH) Breakout with Large Calls Positioned for Break-Up Catalyst

by | Jul 23, 2021 | Open Interest Alerts

Lab Corp (LH) triggering a breakout this morning of a bullish consolidation pattern and looks headed up to $300. LH also still has the 8000 November $270 calls that were bought in open interest. LH is an activist situation as well with Jana Partners pushing the company to improve shareholder value and in March the company launched a strategic review. One potential solution that has been floated is to more clearly outline a growth strategy for Covance or pursue a split.