Puts Purchased on XL Group plc (XL)

Shares of XL Group plc XL are lower on the session by 3.01%, currently trading at $21.56. The stock has been moving largely higher over the past six months and is currently consolidating between the 50-day and 200-day moving averages.

Options traders are buying puts on the name today. Though action has been primarily in small lots, overall put volume is now running at 2.16x the daily average with 75% of all puts traded being purchases on the offer.

Traders are buying the $20.00 and $21.00 strikes in multiple months.

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.