Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

RSS FEED

» Help

Current DateTime: 06:05:02 23 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

Text Size
Dec.05
1:30 PM ET
Friday, 5 Dec 2008
Options Action: A Hot Insurer Stock!

Hartford is seeing heavy options trading Friday, as its stock soars more than 88 percent even while the broader markets drop.



Jon "DRJ" Najarian
Cofounder, optionMonster

HIG (Hartford Financial Services) [HIG  Loading...      ()   ], which has an average daily call volume of 10,000 contracts, saw 37,100 calls trade in the first hour of trading this morning, according to OptionMonster's tracking systems. That's three times full session volume in just 60 minutes! By contrast, a grand total of 8,500 puts changed hands.

Earlier today HIG raised its full-year earnings outlook by $0.40 per share to a range of $4.70 to $4.90, making it one of the rare companies to buck the trend of lowered forecasts throughout all sectors and industries since the credit crisis began. Prudential [PRU  Loading...      ()   ] is also up on the day, but not nearly as much as Hartford.

Other insurance companies were trading higher as the industry received more positive news from UBS [UBS  Loading...      ()   ], which sees the potential for regulatory relief as insurance commissioners meet today through Monday.

____________________________
Other Key Insurers:

AIG [AIG  Loading...      ()   ]

MetLife [MET  Loading...      ()   ]

____________________________

Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.

____________________________

Disclaimer

© 2009 CNBC.com

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 05:29:33 23 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 10:08:24 23 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 04:27:36 23 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:08:16 23 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters