Wellpoint filed an 8-k stating that they have increased their buyback by $5 billion which is more than 20% of market cap. On September 12th they had blessed a range of $6.90 - 7.10 (incl.15 gain) for 2011. This is a very good defensive holding with a more than reasonable valuation of 9X EPS. They recently purchase an interest in a private health insurance exchange, prepping for Obamacare should it not get beaten down by Supreme Court. I have a long position in WLP.