Options Brief: MGIC Investment Corporation (MTG)

Shares of MGIC Investment Corporation MTG are lower on the session by 1.70%, trading at $8.66. Overall put volume is now running at 3.12x the daily average, with 18% of all puts traded being purchases on the offer. 15,376 contracts have traded on the session so far. MGIC Investment Corporation is a holding company. Through its wholly owned subsidiaries, the company provides private mortgage insurance in the United States. As of December 31, 2009, the company's principal subsidiary, Mortgage Guaranty Insurance Corporation, was licensed in all 50 states of the United States, the District of Columbia, Puerto Rico and Guam.