Calls Purchased on CNinsure Inc. (CISG)

Shares of CNinsure Inc. CISG are higher on the session by 5.91%, currently trading at $13.63. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the April 2011 $15.00 call was purchased 1,600 times, on the offer, on open interest of only 970 contracts. Overall call volume is now running at 5.79x the daily average with 93% of all calls traded being purchases on the offer. CNinsure Inc. is an independent insurance intermediary company operating in China. The company had 48,693 sales professionals, 1,421 claims adjustors and 571 sales and service outlets operating in 23 provinces as of April 15, 2010.