Calls Purchased on The Chubb Corporation (CB)

Shares of The Chubb Corporation

are higher on the session by 1.54%, currently trading at $65.48. 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 January 2013 $75.00 call was purchased 3,500 times, on the offer, on open interest of 6,168 contracts. Overall call volume is now running at 5.81x the daily average with 96% of all calls traded being purchases on the offer. The Chubb Corporation is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies. The P&C Group is divided into three business units: Chubb Personal Insurance, Chubb Commercial Insurance and Chubb Specialty Insurance.