Shares of ACE Limited (ACE) are up .33 to 100.31 today.? ACE is near the middle of the 52 week range.

Today paper traded 5815 ACE Sep 80 puts for .15. ?The ADV is 422contracts.? The OI is 0.

The volume went up in 2 blocks.? This is a hugely speculative downside buy in ACE.? Puts traded for .10 first and then filled for .80.? These would be a strange protection play for long stock so most likely the buyers are looking for adverse news.

30-day implied volatility is 14%.?? 10-day implied volatility is 9%.? 30-day implied volatility is trading above the 10-realized volatility.

ACE Ltd (ACE) is a holding company.