Calls Purchased on China Life Insurance

Shares of China Life Insurance LFC are lower on the session by 1.38%, currently trading at $44.89. The stock has been moving largely lower over the past three 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 September 2011 $47.50 call traded 840 times on open interest of 1,044 contracts. Overall call volume is now running at 3.98x the daily average with 82% of all calls traded being purchases on the offer. China Life Insurance Company Limited is an insurance company.