Shares of MGIC Investment Corp. (MGIC) are down .82 to 8.42 today.? MGIC is near the upper end of the 52 week range.

Today paper traded 2750 MGIC Dec 6 puts for .28.? The ADV is 5786 contracts. The OI is 2 contracts.

The volume went up in 1 large block.? Total puts on this strike traded over 8000 contracts with volatility expanding rapidly.? Most of the trade here was put buying as investors are looking from more downside by the big mortgage insurer.

?30-day implied volatility is 55%. ? 10-day implied volatility is 16%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

MGIC Investment Corporation (MGIC) is a holding company and through wholly owned subsidiaries is a private mortgage insurer in the United States.