Calls Purchased on ACE Limited (ACE)

Shares of ACE Limited ACE are higher on the session by 2.02%, currently trading at $61.50. The stock has been moving largely higher over the past six months and is currently above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2013 $75.00 call was purchased 2,500 times, on the offer, on open interest of 2,493 contracts. Overall call volume is now running at 6.39x the daily average with 94% of all calls traded being purchases on the offer. ACE Limited is a holding company of the ACE Group of Companies. The company is a global insurance and reinsurance organization, serving the needs of commercial and individual customers in more than 140 countries and jurisdictions.