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Notable Put Options Activity in MGIC Investment

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Shares of MGIC Investment (NYSE: MTG) are higher on the session by 2.73%, currently trading at $2.82. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.

Options traders are focusing on puts today. A short while ago the December 2011 $7.00 put traded 1,000 times on open interest of 10,402 contracts. The Dec2011 $5.00 put also traded 1,000 times on 12,894 contracts.

Put volume is outpacing call volume today by 9 to 1.

MGIC Investment Corporation is a holding company and through wholly owned subsidiaries the company is a provider of private mortgage insurance in the United States. As of December 31, 2010, our principal subsidiary, Mortgage Guaranty Insurance Corporation, was licensed in all 50 states of the United States, the District of Columbia, Puerto Rico and Guam.

Posted-In: Options Markets

 

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