Notable Put Options Activity in XL Group
Shares of XL Group (NYSE: XL) are higher on the session by 0.17%, currently trading at $20.29. The stock has been moving largely lower over the past three months, though it is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $19.00 put, which has traded 1,300 times on open interest of 0 contracts.
Put volume is outpacing call volume by 3 to 1.
XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and, professional firms, insurance companies and other enterprises on a worldwide basis.
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