Calls Purchased on MBIA Inc. (MBI)

Shares of MBIA Inc. MBI are higher on the session by 2.01%, currently trading at $8.65. The stock has been moving largely higher over the past three weeks and is now trading above both the 50-day and 200-day moving averages. Options traders are buying calls on the name today. The August $9.00 call was purchased 5,500 times, on the offer, a short while ago; open interest on the strike is 6,491 contracts. Call volume is now running at 2.16x the daily average. MBIA Inc. provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services for the public and structured finance markets, and investment management services, including advisory services, on a global basis.