Unusual Options Activity
Option traders are betting that Fifth Third Bancorp (FITB) will reverse its recent downward trend. A single lot of 9,235 contracts of the June 28 call traded at 11:22 this morning. AT five cents per share, that trade is the high for the day, and was also on the high end of the bid/ask spread indicating that it was initiated from the buy side. Previous open interest was 417 contracts, indicating that this purchase was a to-open transaction.