Traders Purchase Large Volume of China Life Insurance Company Put Options (LFC)
Shares of China Life Insurance Company (NYSE:LFC) were the recipient of some unusual options trading activity on Monday. Stock traders acquired 193 put options on the stock, AnalystRatings.NET reports. This represents an increase of approximately 117% compared to the typical volume of 89 put options.
China Life Insurance Company (NYSE:LFC) traded down 1.04% on Monday, hitting $42.94. 167,146 shares of the company’s stock traded hands. China Life Insurance Company has a one year low of $37.88 and a one year high of $49.65. The stock has a 50-day moving average of $43.19 and a 200-day moving average of $41.49. The company has a market cap of $79.582 billion and a price-to-earnings ratio of 22.96.
China Life Insurance Company Limited is a China-based life insurance company. The Company operates its businesses through individual insurance business, group insurance business and short term insurance business, which provides individual life insurance, group life insurance, casualty insurance and health insurance products and services, such as financing insurance, children’s insurance, endowment insurance and protection insurance, among others.
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