Call buyers bet on Hartford Financial Services

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Hartford Financial Services Group ( HIG ) is getting some attention from call buyers Friday. So far, 6,565 contracts of the Nov. 50 call have changed hands, against open interest of 116 contracts. Today's volume has been by far skewed to the high half of the bid-ask spread, indicating that these new contracts are being opened from the buy side.

InvestorsKeyhole Trade Alert

IK-> The technicals for HIG ($46.21 down $0.58) are bearish with a downward trend. The stock is below recent support. Look at the Jan. 35/40 bull-put spread for a 25-cent credit. That's an 5.3% return and the stock has to fall by 13.4% to cause a problem. [InvestorsKeyhole, various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com

This article appears in: Investing , Options
Referenced Symbols: HIG

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