Notable Put Options Activity in China Life Insurance
Shares of China Life Insurance (NYSE: LFC) are lower on the session by 0.49%, currently trading at $38.70. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the May 2012 $50.00 put, which has traded 2,100 times on open interest of 2,057 contracts. The Apr2012 $50.00 put also traded 2,050 times on 2,159 contracts.
Put volume is outpacing call volume by 6 to 1.
China Life Insurance Company Limited is an insurance company.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Advertisement