Options traders are betting on hospital stocks as health care takes center stage

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The political battle for the future of the Affordable Care Act is heating up, and options traders are betting hospital stocks could take the spotlight.

. President-elect Joe Biden wants to expand the program, while conservative challengers would rather see it scrapped.

The outcome, and the back-and-forth leading up to it, is likely to have a major effect on shares of hospital stocks, which have surged through the last week before pulling back Wednesday.stock had soared more than 60% since the beginning of November before dropping 10% in Wednesday's session. Options traders are betting moves of that magnitude are likely to continue to come thick and fast in either direction through the end of the year, at the very least.

 

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