Shares of LifePoint Hospitals, Inc. (LPNT) are down 1.31 to 51.13 today. ?LPNT is near the high end of the 52 week range.

Today paper traded 1500 LPNT Apr/May 50 puts spread for 1.30.? The ADV is 240 contracts.? The OI is 2268 and 3460 contracts.

The volume went up in two blocks.? The trades went up .with the May side trading through the offer and the Apr 50 puts trading .04.? Most likely this is a roll where the client received .04 for the soon to be worthless Apr puts and paid up for the May puts.? This trade is a continuing protection roll most likely.

30-day implied volatility is 36%.?? 10-day implied volatility is 23%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

LifePoint Hospitals, Inc. (LifePoint), through its subsidiaries, operates general acute care hospitals in non-urban communities in the United States. As of December 31, 2011, the Company operated 54 hospital campuses in 18 states, having a total of 6,048 licensed beds.