Calls Purchased on Radian Group Inc. (RDN)
Shares of Radian Group Inc. (NYSE: RDN) are lower on the session by 0.50%, currently trading at $5.96. 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 June 2011 $7.00 call was purchased 9,500 times, on the offer, on open interest of 452 contracts.
Overall call volume is now running at 2.13x the daily average with 100% of all calls traded being purchases on the offer.
Radian Group Inc. is a credit enhancement company. The company operates in three business segments: mortgage insurance, financial guaranty and financial services. The mortgage insurance business provides credit protection for mortgage lenders and other financial services companies on residential mortgage assets.
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