Calls Purchased on CNinsure Inc. (CISG)

Shares of CNinsure Inc. CISG are lower on the session by 0.95%, currently trading at $24.13. The stock has been moving largely lower over the past two weeks; it appears that there is significant resistance around $28.00. Options traders are buying calls today, perhaps as hedges to short shares. The August $25.00 call was purchased 1,000 times, on the offer, for $1.00 earlier in the session. Open interest on the strike is only 261 contracts, indicating new positioning on the strike. Call volume is now running at 8.90x the daily average. CNinsure Inc. is an independent insurance intermediary company operating in China. The company had 48,693 sales professionals, 1,421 claims adjustors and 571 sales and service outlets operating in 23 provinces as of April 15, 2010. As an insurance intermediary company, it does not assume underwriting risks.