- 3:33 PM The prospect of potential Medicare cuts in a debt ceiling deal pressures hospital and managed-care stocks, negating Humana's (HUM -2.3%) solid Q2 results. The deal includes preset cuts that kick in if Congress doesn't adopt sufficient savings in a second wave of deficit reduction. Among hospitals: HCA -7.2%, [[UHS] -8.2%. In managed care, HUM and UNH -3.8% slip. Comment![Healthcare, On the Move]
- 6:15 AM More on Humana's (HUM) earnings: Sees FY'11 EPS of $7.50-7.60, up from previous guidance of $6.70-6.90. (PR) [Earnings, Healthcare]
- 6:14 AM Humana (HUM): Q2 EPS of $2.50 beats by $0.45. Revenue of $9.28B (+8% Y/Y) misses by $40M. (PR) [Earnings, Healthcare]
Well we took the morning trade to the downside with the 82.50 August Puts.
In at 5.20 and cashed out at 8.10 for a 2.8K return.
