Calls Purchased on CNO Financial Group, Inc. (CNO)
April 25, 2011 2:30 PM
Shares of CNO Financial Group, Inc. (NYSE: CNO) are higher on the session by 4.13%, currently trading at $7.81. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the May 2011 $7.00 call was purchased 3,300 times, on the offer, on open interest of 1,952 contracts.
Overall call volume is now running at 2.00x the daily average with 75% of all calls traded being purchases on the offer.
CNO Financial Group, Inc., formerly Conseco, Inc., is the holding company for a group of insurance companies operating throughout the United States that develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products.
