Recently, Marketmakers building huge March $2 put options position to offset positive momentum in the MTG stock. Currently at 14,650 $2 strike with 1,076 contracts added today.
Second put option with March $2.50 strike with 1,525 contracts.
This large put options positions are.counter intuitive to the housing recovery. They weigh negatively on MTG price movement. I have seen the results before from building puts in this manner hoping to gain confirmation of a relapse in recovery.
These are real gutsy positions to take this late in the cycle of mortgage insurance recovery.
Numbers look good, but Tommie as you had mentioned something's cooking at MTG. The news may not be out till earnings but this is not typical of MTG diverging so much from RDN...despite the recent positive developments.