Downside Purchased in Chubb Corp.

Shares of Chubb Corp. CB are trading lower on the session by 0.28%, currently trading $49.24. The stock has recently sold off, through the 50-day moving average and is now struggling to hold the 200-day. Options traders are buying protection in the name today. The October $45 put was purchased today nearly 2,000 times; open interest on the strike was only 230 contracts, which signals new, bearish positioning. The Chubb Corporation is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies.