CoreLogic (CLGX) adds $2.16 to $10.95 and options on the stock are heavily traded after the Santa Ana, CA property, financial and consumer data provider said it has hired an advisory firm to explore a possible merger or sale. Shares (register to read more …) [...]

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Allstate (ALL) adds $1.56 to $25.80 and a three-way spread is initiated on the insurance company, in which the investor bought Sep 27 calls and sold the Sep 20 – 23 put spread, paying 10 cents, 3214X. It’s probably a (register to read more …) [...]

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Genworth shares are down 16% to the $8 range after pre-announcing a loss and option volume is extremely heavy this morning, running 18x normal pace with calls outpacing puts 34K to 6K in the first 90mins of trading. Flow is (register to read more …) [...]

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Traveler’s (TRV) loses 54 cents to $56.78. In options action, 3,450 calls and 1,965 puts traded on the insurance company. Typical volume for this time of day is about 405 contracts. The top trades of the day are part of (register to read more …) [...]

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AIG is off $1.04 to $28.42 and falling to new 52-week lows today after pricing a public offering at $29 per share. The top options trade so far today is an 11000 contract block of Jun 35 puts at $6.70, (register to read more …) [...]

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MBIA (MBI) trades down 84 cents to $10.21, post-earnings, and the top options trade of the day is a May 6 – Aug 7 put spread, apparently bought at 54 cents, 5000X on ISE. Looks like a roll of a (register to read more …) [...]

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Genworth (GNW) calls are active amid relative strength in the sector after the Obama Administration called for scaling back the government’s role in the housing loan market. MTG, PMI, RDN are trading higher as well. GNW is up 74 cents (register to read more …) [...]

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MBIA (MBI) with a second day of relative strength and increasing call volume. Shares are up 68 cents to $11.04 after a filing with a Manhattan court released yesterday indicated that JP Morgan and Barclay’s have dropped their opposition to (register to read more …) [...]

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AIG is up another $3.64 to $52.16 and has gained 23.3 percent since the company announced plans to repay the Fed on 12/9. Options are very actively traded again today. 45,000 calls and 13,000 puts traded in AIG so far. (register to read more …) [...]

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AIG adds another $1.79 to $49.57 and 27K AIG calls traded in the first thirty minutes of Friday’s session, which is more than 4X the put volume. Shares rallied yesterday on news it will repay the Federal Reserve and the (register to read more …) [...]

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