Calls Purchased on ACE Limited (ACE)

Shares of ACE Limited ACE are higher on the session by 0.29%, currently trading at $63.37. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the May 2011 $65.00 call was purchased 1,600 times, on the offer, on open interest of 6,191 contracts. Overall call volume is now running at 3.00x the daily average with 97% of all calls traded being purchases on the offer. ACE Limited is a holding company of the ACE Group of Companies. ACE is a global insurance and reinsurance organization, serving the needs of commercial and individual customers in more than 170 countries.