MBIA Inc (MBI) $8.01 -8.98%
MBI (MBI, news, chart, volatility) is seeing bullish order flow Wednesday despite another day of losses for the embattled insurance company. The stock is down 80 cents, or 9 percent, to $8.00 share. MBI is down 33 percent in the past week. In the options market, sentiment is decidedly more bullish. 14,000 calls and 3,900 puts have traded on the day. The November 13, November 8, November 10, November 13, and November 11 calls are the top five most actives, with almost 100 percent of today’s volume trading on the offer. Implied volatility remains high, up to 170 percent.
Category: All Stocks, Insurance, Small Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
