Calls Purchased on The PMI Group
Shares of The PMI Group (NYSE: PMI) are higher on the session by 3.65%, currently trading at $1.42. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the July 2011 $1.50 call was purchased 1,100 times, on the offer, on open interest of 0 contracts.
Overall call volume is now running at 3.67x the daily average with 97% of all calls traded being purchases on the offer.
The PMI Group, Inc., through its subsidiary PMI Mortgage Insurance Co., and its affiliated companies, provides residential mortgage insurance in the United States. During the year ended December 31, 2009, the company operated in three business segments: United States Mortgage Insurance Operations, International Operations and Corporate and Other.
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