Shares of MGIC Investment Corporation MTG are lower on the session by 1.59%, currently trading at $11.14. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving average.
Options traders are buying calls on the name today. A short while ago the January 2011 $12.50 call was purchased 19,500 times, on the offer, on open interest of 38,722 contracts.
Overall call volume is now running at 2.28x the daily average with 95% of all calls traded being purchases on the offer.
MGIC Investment Corporation is a holding company. Through its wholly owned subsidiaries, the company provides private mortgage insurance in the United States.
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