Notable Call Options Activity in CIT Group

Shares of CIT Group CIT are higher on the session by 0.70%, currently trading at $40.22. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $40.00 call, which has traded 1,300 times on open interest of 873 contracts. Calls are outpacing puts today by 20 to 1. CIT Group Inc. is a bank holding company. The company, together with its owned subsidiaries, provides primarily commercial financing and leasing products and other services to small and middle market businesses across a range of industries.