Calls Purchased on Fortress Investment Group (FIG)
July 12, 2010 12:22 PM
Shares of Fortress Investment Group (NYSE: FIG) are lower on the session by 5.04%, currently trading at $3.39. The stock has been trading largely lower over the past six months and is currently in a technical downtrend.
Options traders are buying calls on the name today, though. The January 2011 $5.00 call was purchased 1,000 times, near the offer, on open interest of 11,109 contracts. Call volume is now running at 3x the daily average.
Fortress Investment Group LLC is a global alternative asset manager that raises, invests and manages private equity funds, liquid hedge funds and hybrid funds. Fund investors provide the capital for these funds, which it invests and manages on their behalf.
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