Calls Purchased on Lincoln National Corp. (LNC)

Shares of Lincoln National Corp. LNC are lower on the session by 1.33%, currently trading at $26.69. The stock has been gyrating lower over the past two months and is now in a technical downtrend. Options traders are betting that the stock could make a move higher. The July $33 call was purchased 6,676 times, on the offer, earlier in the session. Open interest on the strike is 10,580 contracts. This, more than likely, represents someone closing out a position. Call volume is now running at 3.3x the daily average. Lincoln National Corporation is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies. LNC, through the business segments, sells a range of wealth protection, accumulation and retirement income products and solutions.