Calls Bought in CNO Financial Group

Shares of CNO Financial Group Inc. CNO are trading higher today by 4.61%, currently trading $5.22. The stock has dropped over the past few weeks and broke through the 200-day moving average, which is bearish. The stock is struggling to regain the level. Options action suggests a bit more upside in the name with the June $4 call purchased over 1,000 times on open interest of just 653 contracts. This suggests that today’s trade is opening positioning. 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.