Puts Purchased on Radian Group (RDN)

Shares of Radian Group Inc. RDN are lower on the session by 1.48%, currently trading at $9.30. The stock has been drifting lower since a hard sell off in May. It appears that options traders are still worried about the stock. While the June $10 strike was sold 2,000 times to close this morning, the July $10 put was purchased 1,000 times on open interest of 1,388 contracts. This represents someone extending tier bearish position on the name. Put volume is now running at 2x the daily average. 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.