Bulls Checking Out CIT Group (CIT)

Shares of CIT Group Inc. (NYSE: CIT) are higher on the session by 0.71%, currently trading at $45.26. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.

Options traders are buying calls on the name today. A short while ago the January 2011 $46.00 call was purchased 3,000 times, on the offer, on open interest of 1,147 contracts.

Overall call volume is now running at 2.52x the daily average with 84% of all calls traded being purchases on the offer.

CIT Group Inc. is a bank holding company, which provides commercial financing and leasing products, and management advisory services to clients in a variety of industries. CIT bank is its primary bank subsidiary.