Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Wednesday, October 28, 2009
Financials Are Scary, But HIG, Hartford Financial Sees Lots of Action
Insured HIG, Hartford Financial is seeing a lot of actions in November 25 calls, with over 4,00 traded today. The company reports earnings November 3rd. Insurers have been surprising lately.
Here are straddles for it, with prices as of 11:10AM (StraddlesCalc tool).
6-month chart:
Note that we track the top financials here. HIG is not in that select group. Financials are scary today:
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