Calls Purchased on Radian Group Inc.

Shares of Radian Group Inc. RDN are higher on the session by 6.35%, currently trading at $4.52. The stock has been moving largely lower over the past five months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the November 2011 $5.00 call traded 1,000 times on open interest of 285 contracts. Overall call volume is now running at 3.61x the daily average with 82% of all calls traded being purchases on the offer. Radian Group Inc. is a credit enhancement company. The company operates in three business segments: mortgage insurance, financial guaranty and financial services.