Calls Purchased on Everest Re Group (RE)

Shares of Everest Re Group LTD RE are higher on the session by 0.28%, currently trading at $75.42. The stock has been drifting lower over the past six months; a rally this week has now placed the stock right at the 50-day moving average. Options traders are picking up calls on the name as well. The June $75 strike was purchased on the offer 2,600 times today. While these options expire today, the trader is likely using the options as a means to enter into a position. Call volume is now running at 15.7x the daily average. Everest Re Group, Ltd., through its subsidiaries, is principally engaged in the underwriting of reinsurance and insurance in the United States, Bermuda and international markets. The Company underwrites reinsurance both through brokers and directly with ceding companies. It underwrites insurance principally through general agent relationships, brokers and surplus lines brokers.