Notable Put Options Activity in China Life Insurance

Shares of China Life Insurance LFC are lower on the session by 4.22%, currently trading at $36.06. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the September 2011 $37.50 put traded 600 times on open interest of 265 contracts. The Sept2011 $42.50 put also traded 500 times on 1,741 contracts. Put volume is outpacing call volume 14 to 1. China Life Insurance Company Limited is an insurance company. The company operates its businesses through individual insurance business, group insurance business and short term insurance business, which provides individual life insurance, group life insurance, casualty insurance and health insurance products and services, such as financing insurance, children's insurance, endowment insurance and protection insurance, among others.