MGIC Investment Corp (MTG) $4.18 -5.22%
MGIC (MTG) is off 23 cents to $4.18 and 54,000 Jan13 $10 calls were sold on the mortgage insurance company today at 13 cents per contract. Open interest is 118,466 and the biggest position in the name. So, the hefty trade is possibly closing activity on diminishing hopes for a move beyond $10 (139%) through the Jan 2013 expiration. The company was out with February operating statistics.
Category: All Stocks, Financial Services, 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.
