Notable Put Options Activity in CIT Group

Shares of CIT Group CIT are lower on the session by 5.83%, currently trading at $31.50. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the January 2012 $22.50 put traded 7,900 times on open interest of 14,715 contracts. CIT Group Inc. is a bank holding company. The company, together with its owned subsidiaries, provides primarily commercial financing and leasing products and other services to small and middle market businesses across a range of industries.