Fifth Third Bank $FITB puts explode as shares slide $$Fifth Third (FITB) puts are seeing unusual interest with the KBW banking index down 4.19% today.
Our Option Sonar is picking up activity in the October 9 put strike, where 11k contracts have traded vs an open interest of 2,465. Order flow shows a bearish bias with large order hitting the offer and 65% of the orders traded on the offer.
Shares have been rolling over and is holding the prior breakout level as support at $9.25. If prices lose that level, the next area could be $7.50 for support.
Sign up for one of our subscription services and get trades like this in real-time.
Want to find out what is SIZZLIN' on our Option Sonar™?.
Related Articles
- Fifth Third Bancorp $FITB is seeing a large bullish call spread
- Zions Bancorp $ZION put activity is seeing increased activity $$
- Radioshack put activity is looking for shares to sell off
- Dow Jones Regional Bank iShares ETF $IAT puts see second day of activity
- Vale S.A. $VALE option trader looking for shares to head higher by Novemeber $$
