Bears Banking at Fifth Third Bancorp (FITB)

Shares of Fifth Third Bancorp (NASDAQ:

) are lower on the session by 0.54%, currently trading at $12.95. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the December $12.00 put was purchased 9,000 times, on the offer, for $0.06 on open interest of 11,244 contracts. Overall put volume is now running at 2.69x the daily average with 100% of all puts traded being purchases on the offer. Fifth Third Bancorp Is a diversified financial services company. The Bancorp operates in four business segments: Commercial Banking, Branch Banking, Consumer Lending and Investment Advisors