16000/25500 CIT Apr21 43 and 45 calls went up in 2 blocks on the PHLX marked spread.?
Shares of CIT Group (CIT) are up 1.03 to 43.02 today.? CIT is near the top of the 52 week range.
- Paper traded 16000/25500 CIT Apr21 43 and 45 calls for 1.06 and .46. ??
- The ADV is 3095 contracts.? ?
- The open interest 22034 and 3331 contracts.
The volume went up in 2 blocks on the PHLX marked spread.? Paper looked like they bought the block of Apr 43s on Mar 24th and are rolling the big dollars up to the 45 strike for more contracts and an extra boost.? As priced, the trader is still bullish if this is the naked long position and the bump volume would indicate that.
- IV 30 is trading for 26%.?
- HV10 is trading for 30%.?
- IV 30 is below the HV 10.
CIT Group Inc. (CIT) is a bank holding company. The Company, together with its subsidiaries, provides financing, leasing and advisory services to middle market companies in a range of industries in North America, and equipment financing and leasing solutions to the transportation industry around the world. The Company’s segments include North America Banking (NAB), including Commercial Real Estate, Commercial Banking and Consumer Banking divisions; Transportation & International Finance (TIF), including Aerospace, Rail, Maritime Finance and International Finance divisions, and Legacy Consumer Mortgages (LCM), which includes single-family residential mortgage (SFR) loans and reverse mortgage loans.