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.
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