Calls Purchased on Manulife Financial Corporation

Shares of Manulife Financial Corporation MFC are lower on the session by 1.91%, currently trading at $16.46. The stock has been moving largely lower over the past four weeks 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 $17.00 call was purchased 1,000 times, on the offer, on open interest of 1,378 contracts. Overall call volume is now running at 6.40x the daily average with 100% of all calls traded being purchases on the offer. Manulife Financial Corporation is a life insurance and a holding company of The Manufacturers Life Insurance Company and John Hancock Reassurance Company, Ltd. MFC is a financial services company serving customers in 22 countries around the world.