Calls Purchased on XL Group (XL)

Shares of XL Group XL are higher on the session by 0.24%, currently trading at $25.06. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the April $26.00 call was purchased 6,400 times, on the offer, on open interest of only 337 contracts. This signals new positioning on the strike. Overall call volume is now running at 2.30x the daily average with 79% of all calls traded being purchases on the offer. XL Group plc through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and, professional firms, insurance companies and other enterprises on a worldwide basis. The company operates through three segments: Insurance, Reinsurance and Life Operations.