Option Traders See a Bottom in PMI Group By Rebecca Darst About this article: Earnings carnage continued in the insurance segment today, with PMI Group reporting lower profits and hits on its investment portfolio. Early data from TradeAlerts suggests that 95% of the option activity in the country's second-largest mortgage insurer weighs in on the bullish end of the sale, with buying interest at the December 5.0 call strike at 35 cents per contract propelling volume to 14 times the normal level. This may simply be an indication of a hard-won bottom for a stock that has lost more than three-quarters of its value this year. Unusual option activity manifested today in the form of Martek Biosciences, a maker of food products and supplements based on microalgae. While shares have held up respectably well this year with 5% positive returns, the stock is in a multiyear downtrend, and short interest has risen this year to constitute more than one-quarter of... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200. More Stories From RealMoney Durable Goods Up Move Down the Tech Food Chain Jobless Claims Still High Bulls' Tenacity Is the Big Question Mark Should You Buy It? Pharmaceutical Product Development Bad News Trumps All Support for Banks Holds, For Now Bummer, Yields Are on the Rise Money on the Line Makes a Big Difference Structured Products: Unsafe at Any Price MORE STORIES FROM REALMONEY

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