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Options Update: CIT Group options expensive on financing discussions

Posted Jul 17th 2009 9:00AM by Paul FosterPaul Foster RSS Feed
Filed under: CIT Group (CIT), Options

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CIT Group (NYSE: CIT) is recently trading at 55 cents in pre-open trading, above its close of 41 cents. CIT is in discussions with regulators on liquidity solutions. CIT August 1 straddle is priced at 90 cents, October 1 straddle is priced at $1.10, January 1 straddle is priced at $1.15 according to Track Data, suggesting large price movement.

ISE Sentiment Index (ISEE) closed at 137 on 7/16/09. ISEE 10-day moving average is 117.

August front month equity options expire on August 21.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Tags: CIT Group, CitGroup, ISE Sentiment Index-ISEE, IseSentimentIndex-isee, option implied volatility, OptionImpliedVolatility

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Last updated: November 09, 2009: 06:27 PM

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