Call Volume Grows on Radian Group (RDN)

Shares of Radian Group Inc. RDN are higher on the session by 8.34%, currently trading at $10.00. The stock fell hard in May and the stock has been basing sideways ever since. Options volume is favoring the call side today, though action is quite mixed. The August $10 and $12.50 calls have each traded over 1,100 times; the June $10 call traded roughly 1,000 times as well. Call volume is running at 2.53x the daily average, though only 53% of all calls traded have been purchases on the offer. The signals mixed sentiment with calls being both purchased and sold. Radian Group Inc. is a credit enhancement company. The Company operates in three business segments: mortgage insurance, financial guaranty and financial services.